ATTACHMENT 3
FY FY FY FY FY FY FY FY FY FY FY
2025* 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Property Taxes 52.8 55.9 59.3 62.9 66.0 69.3 72.8 76.4 79.5 82.6 85.9 Sales Tax 48.0 49.4 50.9 52.5 54.0 55.9 57.9 60.2 62.6 65.1 67.7 Measure P Sales Tax 29.3 30.2 31.1 32.0 33.0 34.2 35.3 36.8 38.2 39.8 41.3 Measure A Sales Tax 29.3 30.2 31.1 32.0 33.0 34.2 35.3 36.8 38.2 39.8 41.3 Franchise Fees 15.4 15.4 15.7 16.0 16.3 16.7 17.0 17.3 17.7 18.1 18.4 Utility User Taxes 3.6 3.9 3.9 3.9 3.9 3.9 3.9 3.9 3.9 3.9 3.9 Transient Occupancy Taxes 9.3 10.6 11.2 11.4 11.7 11.9 12.2 12.4 12.7 12.9 13.2 Property Tax in lieu of VLF 31.6 33.8 35.9 38.0 39.9 41.9 44.0 46.2 48.1 50.0 52.0 Major Discretionary Revenues 1
219.3 229.5 239.1 248.7 257.8 267.9 278.4 289.9 300.8 312.1 323.8 Development Revenue 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.9 1.9 1.9 Licenses and Permits 1.7 1.8 1.8 1.8 1.9 1.9 1.9 2.0 2.0 2.0 2.1 Fines, Forfeitures & Penalties 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 Use of Money and Property 5.3 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 Other Local Taxes 4.8 5.0 5.2 5.3 5.5 5.7 5.9 6.2 6.4 6.6 6.8 Police Grants 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 Other Agency Revenue 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 Charges for Services 10.1 10.3 10.6 10.9 11.1 11.3 11.6 11.9 12.1 12.4 12.7 Interfund Reimbursements 10.6 9.5 9.8 10.0 10.2 10.3 10.5 10.7 10.9 11.1 11.3 Other Revenue 7.4 4.8 4.8 4.8 4.9 4.9 4.9 4.9 4.9 4.9 4.9 Transfers From Other Funds 24.5 13.6 13.8 14.0 14.1 14.2 14.3 14.5 14.6 14.7 14.9 Other Revenues 2
68.8 54.5 55.6 56.3 57.1 58.0 58.8 59.7 60.6 61.5 62.4
New Development Revenues 3
0.0 2.7 3.5 3.8 4.0 4.1 4.2 4.4 4.5 4.7 4.8
Total General Fund Revenues 288.2 286.6 298.1 308.9 318.9 329.9 341.4 354.0 365.9 378.2 391.0 Year-over-Year Change -0.5% 4.0% 3.6% 3.3% 3.4% 3.5% 3.7% 3.4% 3.4% 3.4% Expenditures
Personnel Services 121.2 125.4 132.3 136.5 140.4 144.4 148.4 152.6 157.0 161.4 166.0 Retirement - PERS 15.4 14.1 14.5 14.9 14.9 15.0 15.1 15.5 16.1 16.4 16.8 Unfunded Accrued Liability (UAL) 2.3 4.6 5.4 6.7 8.1 8.4 7.8 7.8 7.7 7.7 7.7 Health Insurance 15.0 15.2 16.5 17.4 18.2 19.2 20.1 21.1 22.2 23.3 24.4 Salary Savings (Ongoing/One-Time) (4.2) (3.8) (4.0) (4.1) (4.4) (4.5) (4.7) (4.8) (5.0) (5.1) (5.3) Personnel Services Expenditures 149.8 155.4 164.7 171.3 177.3 182.3 186.8 192.2 198.0 203.7 209.6 Supplies and Services 25.7 27.8 28.6 29.5 30.4 31.3 32.3 33.2 34.3 35.3 36.4 Utilities 7.7 7.2 7.5 7.9 8.3 8.7 9.1 9.5 10.0 10.5 11.0 Other Expenses 2.4 1.9 1.9 2.0 2.0 2.1 2.2 2.2 2.3 2.4 2.4 Equipment (Capital not CIP) 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Internal Service Charges 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.6 5.7 Measure P Obligations (Transfers Out) 29.3 30.2 31.1 32.0 33.0 34.2 35.3 36.8 38.2 39.8 41.3 Measure A Obligations (Transfers Out) 29.3 30.2 31.1 32.0 33.0 34.2 35.3 36.8 38.2 39.8 41.3 Transfers Out 41.2 25.1 25.5 27.1 26.3 26.5 27.6 28.9 31.5 32.4 34.3 Other Expenditures 4
140.4 127.3 130.9 135.6 138.2 142.2 147.2 153.0 160.2 165.8 172.8 Millenia Library - 0.8 0.8 0.9 0.9 0.9 1.1 1.1 1.1 1.6 1.6 Otay Ranch Village 8 West - 2.5 3.2 3.7 4.0 4.1 4.2 4.3 4.4 4.5 4.6 Bayfront Fire Station - 2.6 1.5 0.6 0.6 0.4 0.4 0.4 0.5 0.7 0.8 New Development Expenditures 3
0.0 5.9 5.6 5.2 5.5 5.4 5.7 5.8 6.1 6.8 7.1
Total General Fund Expenditures 290.2 288.6 301.2 312.1 321.0 330.0 339.7 351.0 364.2 376.3 389.5 Year-over-Year Change -0.6% 4.4% 3.6% 2.8% 2.8% 3.0% 3.3% 3.8% 3.3% 3.5% General Fund Surplus / (Deficit) (2.1) (2.0) (3.1) (3.3) (2.0) (0.0) 1.7 3.0 1.6 1.9 1.5 Surplus / (Deficit) as a % of Budget -0.7% -1.0% -1.0% -0.6% 0.0% 0.5% 0.8% 0.5% 0.5% 0.4% *As projected for Fiscal Year 2024-25 2nd Quarter Financial Report Revenues
General Fund Long-Term Financial Plan
FY 2026 - 2035 (in millions)
FY 2026-2035 City of Chula Vista - General Fund Long-Term Financial Plan
(1) M ajor Discretionary Revenues reflect the total of the following budget revenue categories: Property Tax, Sales Tax, Measure P Sales Tax, Measure A Sales Tax, Property Tax in lieu of VLF (VLF), Franchise Fees, Transient Occupancy Tax (TOT), and Utility Users’ Tax (UUT).
(2) Other Revenues reflect the total of the following budget revenue categories: Development Revenue, Licenses and Permits, Fines, Forfeitures & Penalties, Use of Money and Property, Other Local Taxes, Police Grants, Other Agency Revenue, Charges for Services, Interfund Reimbursements, Other Revenue, and Transfers from Other Funds.
(3) New Development Revenues & New Development Expenditures include revenues and expenditures projected for the Otay Ranch Village 8 West Development, Millenia Library, and Bayfront Fire Station anticipated to come online during the LTFP term.
(4) Other Expenditures reflect the total of the following expenditure categories: Supplies and Services, Utilities, Other Expenses, Equipment (Capital not CIP), Internal Services, Measure P Obligations (Transfers Out), Measure A Obligations (Transfers Out), and Transfers Out.