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0 <br />Sales Tax (40% of budget) <br />• Used consultant's "Most <br />Likely" Scenario <br />• Higher interest rates have <br />slowed car sales <br />• Continued global supply <br />chain challenges <br />• Concerns about future <br />recession <br />Business License Tax <br />Assume flat for now until <br />more info available in May <br />11 _' <br />0 <br />Property Tax (24% of budget) <br />• Prop 13 growth of 2% max <br />• Pe -assessed values for <br />properties sold contributes <br />to the growth above 2% <br />• Sales activity has decreased <br />• City receives an average of <br />18.45% of the 1% assessment <br />Proposed fee increase <br />of 4.1 % <br />Based on the compensation <br />increase for staff providing <br />the services <br />Cannabis Tax <br />Assume reduction of $8M <br />for now, until more info <br />available in May <br />All Other revenues may <br />increase by 3.8% <br />Some examples include <br />charges for services & <br />franchise fees <br />