Page 63 - Manfield FY21 Budget

Projected Sales Tax

$25,000,000
$20,000,000
$15,000,000
$10,000,000

$5,000,000
$0
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Franchise Fee Assumptions

Table 5

Table 5 estimates the franchise tax collected on electricity, gas, phone and cable services.

Tax Franchise Estimated Percent Estimated
Year Tax Increase Increase Total
2021 7,138,603 7,138,603

2022 7,138,603 214,158 3% 7,352,761
2023 7,352,761 147,055 2% 7,499,816

2024 7,499,816 149,996 2% 7,649,813
2025 7,649,813 152,996 2% 7,802,809
2026 7,802,809 156,056 2% 7,958,865
2027 7,958,865 159,177 2% 8,118,042

2028 8,118,042 243,541 3% 8,361,584
2029 8,361,584 250,848 3% 8,612,431
2030 8,612,431 258,373 3% 8,870,804

Projected Franchise Tax

9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

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