ATTACHMENT 1
FY 2024-25
Proceeds of Taxes Proposed Budget
Property Taxes 49,059,808
Property Tax in Lieu of VLF 31,051,760
Sales and Use Taxes 107,907,615
Transient Ocupancy Taxes 8,295,064
Utility Taxes 3,857,285
Other Local Taxes
Franchise Fees 15,103,671
Short-Term Rentals/RV Park TOT 1,710,389
Real Property Transfer Tax 1,475,042
Cannabis Excise Tax 3,088,994
Business License 1,181,247
Cardroom Fees/Business License* 859,007
State Motor Vehicle Licenses 350,000
State Homeowners Property Taxes 228,246
Total Proceeds of Taxes 224,168,128
Appropriation Limit 1,362,259,057
GAP (Under Limit) (1,138,090,929)
*Included in the “Business License” line item under “Other Local Taxes” in prior Fiscal Years
APPROPRIATION (GANN) LIMIT GAP CALCULATION
FOR FISCAL YEAR 2024-25
-
200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
1,400,000,000
1,600,000,000
FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY24-25
Millions
Proceeds of Taxes Compared to Legal Spending Limit
Proceeds of Taxes Appropriation Limit