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Sales Tax Revenue <br />Due to a significant amount of one-time audit revenue received during 2019, sales tax projections for <br />2019 and 2020 are, as follows: <br />• 2019 at 8.0% over 2018; and <br />• 2020 at 3.2% less than 2019. <br />Sales tax is a significant revenue source for the City and the projections affect many of the City's main <br />operating funds: <br />• General Fund <br />• Open Space & Parks Fund <br />• Historic Preservation Fund <br />• Recreation Fund <br />• Capital Project Fund <br />The table below summarizes sales tax history and revised projections in both nominal/current dollars <br />and in real/constant dollars. <br />Sales Tex Revenue <br />Irnpletne ntatinn Qt Colis _ <br />USE- rak Met -live 2011. <br />Hlsttarit Pr@setlra'bin Tax <br />(D.1.25,) €ffe+dive.2d#14 _ M' <br />Fleueatioll [alter Tax <br />(O.IS%J Met -Live 2018 <br />urri <br />Int trades Cline, Time Audit <br />Revenue(5% f Total] <br />ma .m.m mm mu 81U NM M14 2d15 2Ati xot7 mu nu 2 20 BM 102.2 20.21 WV} <br />-L.[+FmnindfC irreot dollars u Peal/Corn:inl Dollars tine • 2MCI) Percent orCharge <br />Assessed Valuation, Projected Mil Levy, & Property Tax Revenue <br />Prior to budget adoption, the City received its preliminary 2019 assessed valuation amounts from the <br />Boulder County Assessor. These assessed valuations, multiplied by the mil levies, determine the <br />amount of property tax revenue that will be received in 2020. <br />3 <br />