Laserfiche WebLink
economic development, the City expects to collect $2.9 million for the General Fund and $1.4 million for Section 4B <br />Economic Development from this revenue source. It is estimated that the new Street Maintenance Sales Tax will <br />generate approximately $720,635. <br />Sales Tax Trends <br />6,000,000 <br />5,000,000 <br />4,000,000 <br />3,000,000 <br />2,000,000 <br />1,000,000 <br />0 <br />1999200020012002200320042005200620072008 <br />General FundSection 4BStreet Maintenance <br />The final major revenue source is the levying of Franchise Fees to Utilities operating in the City of La Porte. State <br />Law governs the amount of the levy. The City expects to receive $2 million from this revenue source in fiscal year <br />2007-08. <br />RDTCS <br />ESOURCESERIVEDHROUGHHARGES FOR ERVICES <br />The City provides many services to its Citizens. Some are required for the basic health and well being of the <br />individual (water, sewer and sanitation) while others improve the quality of life (wave pool and golf course). The total <br />projection for Charges for Services revenues in Fiscal year 2007-08 is $17.2 million. Listed below are major sources <br />of revenues received from services rendered. <br />Service RenderedProjected 07-08 Resources <br />Water Production & Distribution $ 3,858,433 <br />Wastewater Collection & Treatment 3,311,387 <br />Residential Solid Waste Collection 1,800,000 <br />Golf Course Fees 1,069,904 <br />Other Resources <br />Another critical resource for the City of La Porte is the earning of interest on investments. The City expects to earn $2 <br />million on its idle funds during fiscal year 2007-08. The projection of this resource is based on cash flow analysis and <br />a conservative interest earnings amount. <br />4 <br /> <br />