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Page 4 of 13 <br /> <br />Table 2. General Fund Overview by Category <br /> <br />General Fund Revenues <br />As presented in Table 2 above, General Fund revenues are estimated to decrease by $0.06 <br />million based on revised projections that incorporate current revenue trends and year-to-date <br />actual revenues. This net decrease is based on adjustments across several revenue <br />categories, including decreases in the City’s two largest revenue sources, Property Tax and <br />Sales Tax, offset by increases in other revenue categories, such as Business License Tax, <br />Development Services Fees, and Recreation Fees. <br /> <br />Key revenue adjustments are highlighted below: <br />• A decrease of $1.22 million in Property Tax revenue. This decrease is mainly due to a <br />higher-than-anticipated reduction in assessed value resulting from resolved appeals and <br />temporary reductions allowed under Proposition 8, according to the latest consultant <br />projection. Property Tax is the City’s largest revenue source. <br />Page 73 of 144