2.3 RevenuePer Capita: Actual Revenue Per Capita exhibited a decrease between FY2010 and 2012, after which started increasing in FY2013 and 2014. The overall change in General Fund revenue per capita between 2015-2019 is positive with 7% overall increase. The trend is mainly affected by the change in the revenue derived from Property Tax collections. Property Tax revenue decreased because of lowered assessed valuations and Sales between FY 2010 and FY 2012. This trend follows the national economic downturn and the recovery period beginning in fiscal year 2012.
Revenue Per Capita
$750
$700
$650
$600
$550
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenue Per Capita
3. Revenue Elements: 3.1 Property Tax R venue: The value of property in the City of DeSoto has generally appreciated in the past 10 years by a total of $ 992,783,113 rising from $ 3,064,485,872 in FY 2009 to $ $4,057,268,985 in FY 2019. The period between 2010 and 2013 witnessed a decline in the property value as a result of the economic downturn at the end of 2008 and 2009. The property value recovered again reaching its highest value of $4,057,268,985 in FY 2019.
112
Made with FlippingBook - professional solution for displaying marketing and sales documents online