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<br /> <br /> <br />Revenues: <br /> <br />• Property tax shows a slight increase of $384,000 compared to the 2013-14 fiscal year. <br /> <br />• Sales tax revenue continues to increase. Compared to the 2013-14 fiscal year, sales tax grew by $3.9 <br />million which can be attributed to the continued growth of consumer confidence in the city. The City’s <br />largest sales tax producing sectors were Transportation and Business to Business. The General Retail <br />and Food Products sectors also contributed to Sales Tax growth. On a more granular level, the City <br />saw significant sales tax revenue growth in Auto Sales – New, Restaurants, Auto Parts/Repair and <br />Furniture/Appliances. Service Stations saw a decline due to the decrease in prices of gasoline. <br /> <br />Charges for services in Governmental activities are primarily fees for recreation, building, fire, <br />planning and engineering. The overall increase of $1.1 million is mainly due to the large projects in <br />the city such as the Marea Alta Mixed-Use Housing development, Kaiser Permanente hospital, Tech <br />Campus, and the 21st Amendment Brewery. Business license is conversely related to the increase in <br />building permits which increased by $379,000. <br /> <br />• Operating grants, capital grants and contributions include Federal and State grants and other <br />governments and private contributions, including impact fees. Operating grants, capital grants and <br />contributions were increased by $4.0 million in 2014-15 for engineering projects. <br /> <br /> <br /> <br /> <br /> <br />11