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53 <br /> MAJOR GENERAL FUND REVENUES <br /> SALES AND USE TAXES, cont. <br /> Analysis <br /> Factors that affect the revenue generated by Sales Tax include: <br /> Overall economic growth in the Bay Area and competition from neighboring cities; <br /> Growth rate of specific dominant commercial/industrial sectors in San Leandro; <br /> San Leandro's business attraction/retention efforts, especially on retail <br /> establishments; and <br /> Catalog and Internet sales <br /> Forecast <br /> The overall sales tax growth for 2019-20 and 2020-21 are 3.4% and -1.1%, respectively. <br /> Information received from the City's sales tax consultant, MuniServices, indicates a <br /> potential economic downturn in 2020-21 and 2021-22. Thereafter, the forecast reflects <br /> increase in revenues ranging from 3% to over 5% with another possible slowing of the <br /> economy in 2027-28 based on the "most likely" forecast scenario presented by <br /> MuniServices in February 2019. <br /> SALES TAX& (Dollars in Millions) <br /> TRANSACTION Actual Projected Proposed Projected Revenue <br /> TAX <br /> 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 <br /> Sales Taxes $ 31.1 $ 31.7 $ 32.4 $ 32.0 $ 31.8 $ 33.5 $ 35.2 $ 37.1 $ 38.2 $ 39.3 $ 38.6 $ 38.7 <br /> Transaction Taxes 11.9 11.9 12.7 12.5 12.6 13.3 14.0 14.7 15.1 15.6 15.3 15.3 <br /> Total Collections $ 43.0 $ 43.6 $ 45.1 $ 44.6 $ 44.4 $ 46.7 $ 49.2 $ 51.8 $ 53.3 $ 54.9 $ 53.8 $ 54.1 <br /> $Change 1.3 0.6 1.5 (0.5) (0.2) 2.3 2.5 2.6 1.6 1.6 (1.1) 0.3 <br /> %Change 3.0% 1.3% 3.4% -1.1% -0.3% 5.2% 5.2% 5.2% 3.0% 3.0% -2.0% 0.5% <br /> w m <br /> whn , <br />