Revenue Forecast Report for Fiscal Years 2019-2020

The Revenue Forecast Report for the City of Los Angeles provides an updated revenue estimate for fiscal year 2018-19 and revenue projections for fiscal year 2019-20.

Also included are the estimated requirements for debt service and General Fund cash flow borrowing.

The Forecast is issued pursuant to the Controller’s City Charter mandate to monitor and report on all matters relating to the City’s fiscal health, to keep the City’s official financial records and to supervise expenditures of the City.

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Revenue

General Fund

The City is estimated to realize General Fund revenues in the current fiscal year of approximately $6.14 billion to $6.21 billion.

Total 2019-20 General Fund revenues are projected to be $6.29 billion to $6.39 billion.

The City’s General Fund revenue comes from a wide variety of sources. The largest single source is Property Tax, which represents just under one-third of all General Fund revenue.

Special Funds

Special Fund revenues represent approximately 30 percent of total 2018-19 Adopted Budget receipts.

Total Special Fund revenues for fiscal year 2018-19 are estimated to be $2.99 billion. 2019-20 Special Fund revenues are projected to be $3.18 billion.

Click on the bubbles in the visualization to witness how the revenue source has changed over the years.

30 Year Breakdown

The previous visualizations have shown an in-depth examination of the City’s Revenue from 2007-2019. Below is a comprehensive breakdown of the revenue by the City’s departments featuring nearly 20,000 points of data starting from 1991. Use the arrows to navigate between each year of the revenue chart.

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Debt

The estimated City debt service requirement for fiscal year 2019-20 is $618 million.

$138 million of this amount is for principal and interest payments on the City’s roughly $1,142.7 million in outstanding General Obligation Bonds (GOB).

In total, debt service is projected to be 5.51 percent of projected 2019-20 General Fund receipts, well under the 15 percent limit set by the City’s Debt Policy.

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Download the data

The revenue data are available on our open data portal, found here.