3.2.1 Sales Tax Sales Tax revenue for DeSoto grew steadily over the past 5 years, slowing somewhat with the arrival of the COVID pandemic. Normal g rowth resume d over the last fiscal year, except that changes in allocation methodology among locations by a large local retailer led to a drop in base sales that will impact the next year as well. In addition, u ncertainty over inflation and the robustness of the post-COVID recovery still lingers . For planning purposes, we are assum ing annual growth of 3.5% going forward.
3.2.2 Utility Franchise Tax: Utility franchise tax revenue has been trending slightly down since hitting a high of $4. 4 M in FY20 19 , dropping to $3. 1 M in FY202 3 . Future revenues in this category are expected to be flat.
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