Page 66 - CityofMansfieldFY23Budget
P. 66
Projected Sales Tax
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
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
2023 7,617,430 392,676 5% 8,010,106
2024 8,010,106 160,202 2% 8,170,308
2025 8,170,308 163,406 2% 8,333,714
2026 8,333,714 166,674 2% 8,500,389
2027 8,500,389 170,008 2% 8,670,396
2028 8,670,396 260,112 3% 8,930,508
2029 8,930,508 267,915 3% 9,198,423
2030 9,198,423 275,953 3% 9,474,376
2031 9,474,376 284,231 3% 9,758,607
2032 9,758,607 292,758 3% 10,051,366
Projected Franchise Tax
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
65
