Page 66 - CityofMansfieldFY24Budget

Projected Sales Tax

$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033

Franchise Fee Assumptions

Table 5

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

Fiscal Franchise Estimated Percent Estimated
Year Tax Increase Increase Total

2023-2024 8,010,106 160,202 2% 8,170,308
2024-2025 8,170,308 163,406 2% 8,333,714
2025-2026 8,333,714 166,674 2% 8,500,389
2026-2027 8,500,389 170,008 2% 8,670,396
2027-2028 8,670,396 260,112 3% 8,930,508

2028-2029 8,930,508 267,915 3% 9,198,423
2029-2030 9,198,423 275,953 3% 9,474,376
2030-2031 9,474,376 284,231 3% 9,758,607
2031-2032 9,758,607 292,758 3% 10,051,366
2032-2033 10,051,366 301,541 3% 10,352,907

Projected Franchise Tax

12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033

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