2011 budget summary - St. Louis County

REVENUE FORECASTIn 2010, revenues for all budgeted funds are estimated to increase by $50.6 million or 9.9% compared to actual2009 revenue. Major changes in this estimate include: A $48.4 million increase in sales tax receipts due to the annualization of the Children’s Services (quartercent)sales tax which began to be collected in 2009, as well as the creation of sales taxes in 2010 foremergency communications (tenth‐cent) and public mass transit (half‐cent). See the sales tax section ofthis forecast for more information on these taxes;The collection of revenue from thenew River City Casino in Lemaysubsequent to the opening of thefacility in March, 2010. The County,as the home dock community for thisfacility, receives revenue from bothboth admission taxes ($1 per personentering the facility) and gamingtaxes (2.1% of the adjusted grossreceipts of the facility). Estimated2010 revenue from these sourcestotals $8.2 million;A $4.1 million or 13.2% decrease inintergovernmental revenues due todelays of highway capitalconstruction projects;A $4.2 million or 29.9% increase in revenues from fuel sales and taxes due to higher sales volume at theSpirit of St. Louis Airport; andA decrease of $8.3 million or 23.3% in fees and other revenue, primarily due to one‐time highway capitalprogram funding received in 2009.In 2011, revenues for all budgeted funds are projected to increase by $40.4 million or 7.2%. Major changes inthis projection include: An increase of $38.1 million or 16.1% in sales tax collections due to the annualization of the emergencycommunications sales tax (0.10%) that was collected for 9 months in 2010, and the public mass transitsales tax (0.50%) that was collected for 6 months in 2010; An increase of $1.9 million or 23.1% in casino taxes due to the annualization of these revenues (2010revenues were collected for 10 months);A $2.6 million or 7.8% decrease in revenue from the utility gross receipts tax due to a one‐time legalsettlement received in 2010;An increase of $4.1 million or 15.0% in intergovernmental revenue due to the projected timing ofreimbursement received for highway construction projects; and- 51 -FISCAL YEAR 2011ADOPTED BUDGET