Vision SMTX Appendix Adopted 2024

Fiscal Impact Analysis Methodology and Findings

APPENDIX C: KEY FINDINGS FROM FISCAL IMPACT ANALYSIS

Other General Fund Revenues Property and sales taxes generate 72 percent of the City’s General Fund revenue. The other revenue sources are important but not as significant to fiscal health. Other revenue sources for the General Fund are:

Franchise Fees

• • • • • •

Licenses & Permits Fines and Penalties

Cultural and Recreation Revenue

Charges for Services

Other Revenues

• Reimbursement from Other Funds (i.e., intergovernmental transfers)

The modeling approach and factors for each revenue source are shown in Table 3 . EPS estimates that each new resident or nonresident employee in the city generates $221 in General Fund revenue annually (in addition to property tax).

Table 3. City of San Marcos Other General Fund Revenue Source Per Person Factors

Factors

Nexus Factor Detail

Description

FY 23 Budget

Gross Factor Variability Net Factor

Nexus Factor

Taxes

Property Tax Sales Tax

$29,296,727

Case Study

---

$ $ $

-

---

--- 96 29

$39,406,195 Persons Served (PS) $11,179,270 Persons Served (PS)

97,766 97,766

96

100% 25%

$ $

114

Franchise Fees/Other Total General Taxes Licenses & Permits Fines and Penalties Interest Income Cultural and Recreation Charges for Services

$79,882,192

$5,182,500 Persons Served (PS) $943,175 Persons Served (PS)

97,766 97,766 27,105 27,105 ---

$ $ $ $ $ $ $

53 10

100% 100% 100% 100% 100%

$ $ $ $

53 10

$190,000 $743,700 $171,000 $1,875,226 $7,027,208 $96,015,001 $88,987,793

No Nexus

-

$

-

Per Household Per Household

27

27

6

6

Other Revenues

No Nexus No Nexus

--- ---

- -

---

---

Reimbursement from Other Funds

25%

$

-

Total Revenue

Total Net Transfers

$221

Source: City of San Marcos Proposed Budget Book FY 2023; Economic & Planning Systems

SAN MARCOS COMPREHENSIVE PLAN 2024

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