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Taxes and Other Revenues
<br />Taxes received by the City for the most recent fiscal years are listed in the table below.
<br />Table A -8
<br />CITY OF SAN LEANDRO
<br />Major Tax Revenues by Source- General Governmental Activities
<br />(1) Includes Redevelopment tax increment.
<br />Sources: City of San Leandro Audited Financial Statements and City of San Leandro
<br />Property Taxes
<br />General. This section describes property tax levy and collection procedures and certain
<br />information regarding historical assessed values and major property tax payers in the City.
<br />Property taxes represent the largest source of tax revenue to the City (approximately
<br />42.4% of general governmental tax revenues in 2009 -110). Fiscal Year 2010 -11 property tax
<br />revenues are estimated to be $26.7 million. Based on anticipated declines in assessed values
<br />for Fiscal Year 2011 -12, the City currently expects property tax revenues to decline in Fiscal
<br />Year 2011 -12 by %. See " — Assessed Valuation" below.
<br />Property taxes have historically been the primary revenue source affected by voter
<br />initiatives and legislative actions. With approval of Proposition 13, property tax revenues were
<br />first curtailed over 20 years ago when they were reduced by two - thirds and thereafter limited to
<br />2% annual increases or the CPI, whichever was less.
<br />ERAF Shift and Triple Flip Legislation. Certain property taxes have been shifted from
<br />local government agencies to schools by the State Legislature for deposit in ERAF, a shift that
<br />has resulted in diversion of City property taxes since Fiscal Year 1992 -93. See "State Budgets"
<br />below.
<br />As discussed in "Sales and Use Taxes" below, on March 2, 2004, the State's voters
<br />approved a bond initiative known as the "California Economic Recovery Act" which includes
<br />provisions known as "Triple Flip" legislation, calling for a diversion of a portion of local
<br />governments' share of sales taxes to the State of California, and in return, a redirection of
<br />certain property taxes from the ERAF to local government.
<br />A -14
<br />Unaudited,
<br />Audited
<br />Audited
<br />Audited
<br />Audited
<br />Audited
<br />Actual
<br />2005 -06
<br />2006 -07
<br />2007 -08
<br />2008 -09
<br />2009 -10
<br />2010 -11
<br />Property Taxes (
<br />$21,167,178
<br />$24,742,722
<br />$26,200,221
<br />$27,654,817
<br />$27,087,224
<br />$26,720,790
<br />Sale and Use Taxes
<br />22,144,559
<br />23,407,407
<br />22,251,900
<br />19,095,799
<br />17,594,934
<br />21,811,494
<br />Franchise Tax
<br />3,362,681
<br />4,496,415
<br />4,142,284
<br />4,125,705
<br />4,005,464
<br />4,124,846
<br />Utility User's Tax
<br />10,383,676
<br />10,175,460
<br />10,420,171
<br />10,103,090
<br />9,783,055
<br />9,932,893
<br />Property Transfer Tax
<br />6,417,694
<br />4,539,402
<br />2,924,656
<br />2,870,441
<br />2,297,145
<br />2,528,604
<br />911 Community Access Tax
<br />-
<br />-
<br />-
<br />-
<br />2,711,671
<br />2,694,149
<br />Transient Occupancy Tax
<br />300,524
<br />322,160
<br />320,508
<br />294,496
<br />304,453
<br />351,612
<br />Motor Vehicle License Fee
<br />530,525
<br />472,542
<br />361,261
<br />278,615
<br />-
<br />381,122
<br />Other Taxes
<br />14,858
<br />-
<br />-
<br />-
<br />28,626
<br />154,667
<br />Total Revenue
<br />$65,321,695
<br />$68,156,108
<br />$66,621,001
<br />$64,422,963
<br />$63,812,572
<br />$68,700,177
<br />(1) Includes Redevelopment tax increment.
<br />Sources: City of San Leandro Audited Financial Statements and City of San Leandro
<br />Property Taxes
<br />General. This section describes property tax levy and collection procedures and certain
<br />information regarding historical assessed values and major property tax payers in the City.
<br />Property taxes represent the largest source of tax revenue to the City (approximately
<br />42.4% of general governmental tax revenues in 2009 -110). Fiscal Year 2010 -11 property tax
<br />revenues are estimated to be $26.7 million. Based on anticipated declines in assessed values
<br />for Fiscal Year 2011 -12, the City currently expects property tax revenues to decline in Fiscal
<br />Year 2011 -12 by %. See " — Assessed Valuation" below.
<br />Property taxes have historically been the primary revenue source affected by voter
<br />initiatives and legislative actions. With approval of Proposition 13, property tax revenues were
<br />first curtailed over 20 years ago when they were reduced by two - thirds and thereafter limited to
<br />2% annual increases or the CPI, whichever was less.
<br />ERAF Shift and Triple Flip Legislation. Certain property taxes have been shifted from
<br />local government agencies to schools by the State Legislature for deposit in ERAF, a shift that
<br />has resulted in diversion of City property taxes since Fiscal Year 1992 -93. See "State Budgets"
<br />below.
<br />As discussed in "Sales and Use Taxes" below, on March 2, 2004, the State's voters
<br />approved a bond initiative known as the "California Economic Recovery Act" which includes
<br />provisions known as "Triple Flip" legislation, calling for a diversion of a portion of local
<br />governments' share of sales taxes to the State of California, and in return, a redirection of
<br />certain property taxes from the ERAF to local government.
<br />A -14
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