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04-09-11 (Retreat) Special Meeting of the La Porte City Council
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04-09-11 (Retreat) Special Meeting of the La Porte City Council
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Agenda
Date
4/9/2011
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General Fund Long Range Financial Plan <br />Assumptions - Revenues <br />Property tax at 97.5% collection rate <br />-3.00% <br />(FY2011-12 projecting a decrease of 3% based on information from <br />Harris County appraiser Fiscal years 2012-2021 percentages based on current <br />economic conditions and historical growth rate in the out years — 2%-4%) <br />Industrial Payments (In Lieu) 1.00% <br />(FY2011-12 decline based on the loss of revenue from lower inventory levels) <br />Sales tax <br />2.00% <br />Franchise Fees Range of 1.00% to 3.00% <br />(Vary based on type. Electrical payments based on contract) <br />Miscellaneous Taxes (Mixed Beverage Tax) 2.00% <br />Licenses and Permits 2.00% <br />Fines & Forfeits 2.00% <br />Charges for Service 2.00% <br />Interest Earnings 2.00% <br />(FY2011-12 projections based on current economic conditions <br />and the low overnight rate; out years projecting 2% growth) <br />
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