City Council / Housing Authority
October 2, 2023

FY 24-25* FY 25-26 FY 26-27 FY 27-28 FY 28-29
Forecast at 0.75% $17.0M $17.7M $18.3M $19.0M $19.6M
Forecast at 0.50% $12.8M $11.8M $12.2M $12.7M $13.1M
Difference -$4.2M -$5.9M -$6.1M -$6.3M -$6.5M
-$29.0M
*Assuming the lower 0.50% tax rate goes into effect October 1, 2024 Updated 5-Year Measure PG Sales Tax Projection
Comparison of Existing 0.75% Tax Rate to a Potential Lower 0.50% Rate Measure PG - Transaction and Use Tax - Forecast Impact of a 0.25% Rate Reduction Five-Year Projected Impact
Presented in Millions of Dollars
$17.0 $17.7 $18.3 $19.0 $19.6
$12.8 $11.8 $12.2 $12.7 $13.1
-$4.2 -$10.1
-$16.2
-$22.5
-$29.0
FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29
Forecast at 0.75% Forecast at 0.50% Cumulative Difference Prepared by: KB September 26, 2023
Attachment 1