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<br />The revenues for the new fiscal year are projected at $20,395,545, which is $1,525,930, or 8.09%, greater
<br />than they were in the current year. The revenues for the new fiscal year are shown below:
<br />Original Projection Projection
<br />Category 1995-96 1996-97 Variance Percent
<br />General Prope/1y Taxes 6,117,065 6,707,820 590,755 9.66%
<br />Franchise Taxes 1,247,000 1,214,000 -33,000 -2.65%
<br />Sales Taxes 1,450,000 1,600,000 150,000 10.34%
<br />Industrial Payments 5,100,000 5,503,750 403,750 7.92%
<br />Other Taxes 37,000 37,000 0 0.00%
<br />License & Permits 184,100 194,025 9,925 5.39%
<br />.Fines & Forfeits 243,600 . 294,450 50,850 20.87%
<br />Charges for Services 1,701,250 1,975,800 274,550 16.14%
<br />Parks & Recreation 149,300 194,000 44,700 29.94%
<br />Recreation & Fitness Center 201,000 220,000 19,000 9.45%
<br />Employee Health Services 1,574,100 1,630,500 56,400 3.58%
<br />Intergovernmental 210,000 159,000 -51,000 -24.29%
<br />Miscellaneous 25,200 50,200 25,000 99.21 %
<br />Operating Transfers 180,000 40,000 -140,000 -77.78%
<br />Interest 450.000 575.000 125.000 27.78%
<br />Total 18,869,615 20,395,545 1,525,930 8.09%
<br />
<br />The increase in General Property Taxes is driven by two factors. First, overall appraised values of
<br />properties located in the City, as reported by the Harris County Appraisal District, are up by about 6%.
<br />Second, an increase in a transfer from the Golf Course Fund to the Debt Service Fund allowed the shifting
<br />of two cents of the Tax Rate from the Debt Service Fund to the General Fund. This shift represents 3.84%
<br />of the increase.
<br />
<br />Sales Taxes are projected to be about 10% higher that the current year's budget. This takes into account
<br />normal growth plus accelerated growth caused by the opening of the Fred Hartman Bridge, an eight lane
<br />bridge over the Houston Ship Channel that connects the City of La Porte to the City of Baytown.
<br />
<br />Industrial Payments, driven by the value of industrial companies located in the City's two Industrial
<br />Districts, are projected to be up by 7.92%.
<br />
<br />Fines & Forfeits are expected to keep their upward growth pattern. In addition to the activity seen in the
<br />fiscal year 1995-96, the addition of a new Code Enforcement Officer should be reflected in this category.
<br />
<br />A $200,000 increase in the Commercial Solidwaste Revenue is the main factor in the increase in the
<br />Charges for Services category.
<br />
<br />The decrease in the Operating Transfers category is reflective of the discontinuance of a transfer from the
<br />Utility Fund to the General Fund. The moving of this transfer to zero is the result of several year's of
<br />planned decreases intended to provide reduced expenses in our Utility Fund operation.
<br />
<br />Finally, Interest Income is projected to increase by 27.78% which is directly attributed to increased cash
<br />flows.
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