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FY 2015 & FY 2016 Revenue Projections Presented by Chris Nida NCLM Director of Research & Policy Analysis.

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Presentation on theme: "FY 2015 & FY 2016 Revenue Projections Presented by Chris Nida NCLM Director of Research & Policy Analysis."— Presentation transcript:

1 FY 2015 & FY 2016 Revenue Projections Presented by Chris Nida NCLM Director of Research & Policy Analysis

2 Revenue Projections Revenue SourceProjected, FY2014 to FY2015 Projected, FY2015 to FY2016 Local Sales Tax+7.5%+4% Powell BillN/A<-1% Electricity Sales Tax+30%+2% Telecommunications Sales Tax-1.5%-3% Piped Natural Gas Sales Tax-35%-2% Solid Waste Disposal Tax+5.5%+2.5% Local Video Programming Revenues+1.5%-2% Beer & Wine Taxes+5%+3%

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5 Caveats Projections are rough estimates Not assuming ANY Legislative changes to current revenue structure Keep up with weekly Legislative Updates

6 Sales Tax Significant growth statewide FY 2016 payments: 10/15/15 to 9/15/16 Utilize calculation spreadsheet –Download from or NCLM.org –Incorporate county growth rate, and distribution share Change in County distribution?

7 Powell Bill SB 20 reduced motor fuel tax rate from 37.5 cents/gallon to 36 cents/gallon on 4/1 FY 2016 PB Estimate –$146.1 Million –Less than 1% less than FY 2015 Projected Distributions –$20.39 per capita –$1, per street mile

8 Electricity/Natural Gas Taxes Started FY 2015 Electricity +17% in Q1, +58% in Q2 (compared to FY2014 Franchise Tax) Project +30% for FY 2015, -35% for Gas No law change predicted Project +2% for FY 2016, -2% for Gas

9 Other Taxes Continued downward trend for Telecomm Construction activity increasing solid waste disposal Video upward, contrary to industry trends Increased beer & wine sales projections Don’t forget to report boundary changes!

10 Questions?

11 NCLGBA Summer Conference July 8 th -10 th, Shell Island, Wrightsville Beach $175 for NCLGBA Members, $235 for Non-members $75 Students & First-Timers Hotel Rooms $189/night (+Tax) Speakers Dr. Jim Johnson Lee Roberts, NC Budget Office Director To learn more, visit


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