Laserfiche WebLink
TOT revenues had also increased from a low of $2.7 million in FY 2009/10 to $6.5 million in <br />FY 2018/19 or a 140.7 percent increase over the nine years. TOT revenues experienced the <br />sharpest decline during the pandemic and are still recovering. The City's TOT taxes are <br />primarily derived from business travelers to the Tri-Valley region, but with many business <br />meetings still occurring virtually, TOT is expected to slowly recover. As such, staff <br />conservatively assumed TOT revenues at $5.5 million in FY 2025/26 compared to $5.4 million <br />in FY 2024/25. <br />Business License Tax <br />Business License Taxes have been steadily increasing over the past thirteen years from $2.8 <br />million in FY 2011/12 to $5.8 million in FY 2024/25, which is slightly below an all-time high of <br />$5.9 million in FY2023/24. For FY2025/26, $6.0 million is projected. <br />10 <br />