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200,000,000 <br />175,000,000 <br />150,000,000 <br />125, 000, 000 <br />100,000,000 <br />75,000,000 <br />50,000,000 <br />25,000,000 <br />Figure 3 <br />GEN ERA. GOVERNMENT <br />REVENUE & EXPENDITURE FORECAST <br />2021 n. 2027 <br />Revenue Forecast <br />2021 2022 <br />2023 <br />Source: Everett Finance Department <br />Expenditure Forecast <br />2024 2025 2026 <br />2027 <br />Figure 4: <br />2021-2027 General Government Expenditure and Revenue Growth <br />Forecast by Source and Use <br />Average Growth Forecast <br />Revenues <br />00 <br />growth <br />per year <br />Average Growth Forecast <br />Expenditures <br />growth <br />per year <br />Property Tax <br />Sales Tax <br />1.3% <br />Labor <br />4.1% <br />Business Occupations (B&O) Tax <br />2.6% <br />3.5% <br />Utility Taxes <br />1.6% <br />Department maintenance and <br />operation <br />Reserve Contributions <br />3.0% <br />9%* <br />Other taxes <br />3.1% <br />State revenues <br />Permits, licenses, franchise fees <br />0.5% <br />0.7% <br />All other revenues <br />0.7% <br />Debt Service Contributions <br />LEOFF 1 Pension Funds Contributions <br />0% <br />19%* <br />Interfund service charges <br />2.6% <br />Charges for goods and services <br />0.9% <br />Weighted average annual forecast <br />growth in all revenues: <br />2.0% <br />Weighted average annual forecast <br />growth in all expenditures: <br />4.5% <br />Source: City Finance Dept. (*Note: the percent growth rates for reserve contributions and LEOFF 1 <br />Pension Fund Contributions are distorted by the suspension of funding in 2020. The actual annual <br />growth rate for these items is closer to 2% - 3%. ) <br />6 <br />