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 growth resumed 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, uncertainty over inflation and the robustness of the post-COVID recovery still lingers. For planning purposes, we are assuming annual growth of 3.5% going forward.
Sales Taxes Collected
$6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 $11,000,000 $12,000,000 $13,000,000 $14,000,000
2021 2022 2023 2024 2025 2026 2027 2028 2029
3.2.2 Utility Franchise Tax: The utility franchise tax has grown over the past 10 years by 27.50 from its base year in 2009. Utility franchise revenue peaked in FY 2022 and has been slowly declining since then. We have estimated that the utility franchise tax will remain steady over the next five years.
Franchise Fees Collected
$3,000,000 $3,200,000 $3,400,000 $3,600,000 $3,800,000 $4,000,000 $4,200,000 $4,400,000 $4,600,000 $4,800,000 $5,000,000
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
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