MEMO Date: September 2021 To: Audit Finance Committee From: Finance AUGUST CITY‐WIDE TAX REVENUE Real Estate Tax The city collects property tax in the General Fund and the Health, Parks and Recreation Funds. The city receives property taxes in November and therefore the City has no property tax in August. Sales Tax As shown with the red dot on the Sales Tax revenue graph below, August sales tax collections are in line with last years collections. SALES TAX REVENUE ‐ GENERAL FUND 002 2,500,000.00
Annual Sales Tax Revenue General Fund 002
500,000.00 2018‐19 ‐
2019‐20
2020‐21
2021‐22
3,441,598
18,295,167
17,745,438
17,533,711
1,000,000.00
16,000,000
1,500,000.00
20,000,000.00 18,000,000.00 16,000,000.00 14,000,000.00 12,000,000.00 10,000,000.00 8,000,000.00 6,000,000.00 4,000,000.00 2,000,000.00 ‐
15,000,000
2,000,000.00