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451 <br /> October 39,1986 <br /> received over $1.4 million from the revs sharing program. The <br /> ices represents approximately 48 0£ the revenue <br /> total general g <br /> budget. After a considering growth in other r and n <br /> of o thato 1907 budgeted.revenues will w be Get slightly sourcee <br /> revenues, <br /> than what w will actually receive in 1906. a <br /> loo briefly at the malar income sources or the City. <br /> Property Tax SII <br /> Property taxes are anticipated to grow by the <br /> at <br /> et limit of 68 SII <br /> plus 28 fconstruction. 1987 w willc r the final <br /> payment E a <br /> the Sunder the 1984 program which called for the • <br /> State <br /> reduce the impact of the lose of business inventories from <br /> evaluation. The 1987 State payment will total$340,000 or <br /> 258Qofthe 1984 payment. <br /> • <br /> Sales Tax <br /> • <br /> We projected a decrease of approximately 3.58 1n 1986 safe:tax' • <br /> revenue due to the loss of 158 of our optional 1/3d tax to Snohomish <br /> County. se appears that the 1986 decreawillbe 5.58 which <br /> reflects the now <br /> of r othe County a well as lope[gross <br /> sales 1n 1986. n 190]w are projecting enough growth 1n retail <br /> sales along with moderate inflation to increase sales tax revenue by <br /> 5%over our revised projection for 1986. <br /> nen..c Occupation Tax <br /> Revenues from Business a Occupation T shown coheiderable <br /> growthin 1986 primarily due to the successes <br /> s Boeing. We look <br /> for moderate growth of 58 in 1987 due to economicstability. <br /> State Shared Revenue. <br /> projectHe combined 6.18 growth in state shared <br /> 198. Revenues based on xliquor,sales have declined steadily PBo er <br /> the last eseveral years. Excise x over <br /> shohich <br /> thetaxslay computed,,dueto <br /> tproject ithat the h value 01986hicles exclseuptax wwill <br /> exceed the 1985 tax by 168 and we expect about 118 growth in 1987. <br /> Revenue snaring <br /> From 1973 through 1986 t City o along with other cities, <br /> counties and have received Everett,rebate from federal <br /> government in states <br /> eeform of sharing. These the <br /> Probably the efficient grant revenue money processed by were <br /> Various eels of most Each local g allowed t <br /> make its own decisions mahout the u of the government <br /> and had only a <br /> minimum reporting requirement back to the federal government on how <br /> the funds were used <br />