Table 6: Example Funding Source Forecast, Current Dollars (Millions)

Fiscal Year CPI-U ** Retail Sales Tax Rate Sales Tax Revenue * Annual % Chg.

1990

5.4%

$11,442.0

0.5%

$ 57.2

 

1991

4.2%

$11,918.7

0.5%

$ 59.6

4.2%

1992

3.0%

$12,441.3

0.5%

$ 62.2

4.4%

1993

3.0%

$13,027.5

0.5%

$ 65.1

4.7%

1994 *

2.6%

$13,500.0

1.0%

$ 135.0

107.3%

1995

2.8%

$14,720.0

1.0%

$ 147.2

9.0%

1996

3.0%

$15,779.8

1.0%

$ 157.8

7.2%

1997

2.3%

$16,663.5

1.0%

$ 166.6

5.6%

1998

1.6%

$17,696.6

1.0%

$ 177.0

6.2%

1999

2.2%

$18,846.9

1.0%

$ 188.5

6.5%

2000

2.3%

$19,789.3

1.0%

$ 197.9

5.0%

2001

2.2%

$20,580.8

1.0%

$ 205.3

3.7%

2002

2.5%

$21,404.1

1.0%

$ 212.6

3.6%

2003

2.6%

$22,260.2

1.0%

$ 221.0

3.9%

2004

2.7%

$23,150.7

1.0%

$ 229.9

4.0%

2005

2.6%

$24,076.7

1.0%

$ 239.2

4.1%

2006

2.5%

$25,039.7

1.0%

$ 248.8

4.0%

2007

2.6%

$26,041.3

1.0%

$ 258.5

3.9%

2008

2.6%

$27,083.0

1.0%

$ 268.7

4.0%

2009

2.6%

$28,166.3

1.0%

$ 279.5

4.0%

2010

2.7%

$29,293.0

1.0%

$ 290.8

4.0%

2011

2.7%

$30,464.7

1.0%

$ 302.8

4.1%

2012

2.6%

$31,683.3

1.0%

$ 315.3

4.1%

2013

2.6%

$32,950.6

1.0%

$ 327.9

4.0%

2014

2.7%

$34,268.6

1.0%

$ 341.0

4.0%

2015

2.8%

$35,639.4

1.0%

$ 355.0

4.1%

2016

3.0%

$37,064.9

1.0%

$ 369.6

4.1%

2017

3.2%

$38,547.5

1.0%

$ 384.4

4.0%

2018

3.3%

$40,089.4

1.0%

$ 400.0

4.1%

2019

3.6%

$41,693.0

1.0%

$ 416.2

4.0%


* The tax rate increase of 0.5% approximately doubles the revenue from this source.

** Source: Standard and Poors DRI, The US Economy - Winter 2000