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CITY OF LA PORTE <br />MANAGEMENT’S DISCUSSION AND ANALYSIS (continued) <br />ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES (continued) <br />Overall the upcoming General Fund budget projects a decrease of $3.67 million for one time capital <br />projects. As shown below, property values and sales taxes continue to increase. <br />The trend for total assessed values has fluctuated slightly over the past five years resulting in a total increase <br />of 23% . <br />AssessedPropertyValue(inbillions) <br />$3.5 <br />$3.4 <br />$3.3 <br />$3.2 <br />$3.1 <br />$3.0 <br />$2.9 <br />$2.8 <br />$2.7 <br />$2.6 <br />$2.5 <br />20152016201720182019 <br />Salestaxrevenues(inmillions) <br />$15.0 <br />$14.0 <br />$13.0 <br />$12.0 <br />$11.0 <br />$10.0 <br />$9.0 <br />$8.0 <br />$7.0 <br />$6.0 <br />$5.0 <br />20152016201720182019 <br />REQUESTS FOR INFORMATION <br />This financial report is designed to provide a general overview of the City of La Porte’s finances for all <br />those with an interest in the City’s finances. Questions concerning this report or requests for additional <br />financial information should be directed to the Director of Finance, 604 West Fairmont Parkway, La Porte, <br />Texas 77571. <br />DRAFT 02.25.2020 <br />18 <br /> <br />