NYC 9/11 Public Portal Document
Tax Revenue Forecast
(S in millions)
Actual Actual % Change Adopted 9/11 Projected Projected
2000 2001 2002 Revenue 2002 % Change
Impact
Tax
Property $7,790 $8,156 4.7% $8,478 - $8,478 3.9%
Personal Income 5,153 5,331 3.5% 4,514 (276) 4,238 -20.5%
General Corporation 1,779 1,735 -2.5% 1,475 (54) 1,421 -18.1%
Bank 347 424 22.2% 359 - 359 -15.3%
Unincorporated Business 805 820 1.9% 802 (20) 782 -4.6%
Sales 3,509 3,662 4.4% 3,710 (272) 3,438 -6.1%
Commercial Rent 344 377 9.6% 356 (11) 345 -8.5%
Mortgage Recording 483 407 -15.7% 340 (68) 272 -33.2%
Real Property Transfer 403 473 17.4% 418 (88) 330 -30.2%
Utility 247 300 21.5% 276 - 276 -8.0%
Hotel 219 242 10.5% 246 (86) 160 -33.9%
All Other 504 413 -18.1% 563 (74) 489 18.4%
Audits 416 401 -3.6% 487 (51) 436 8.7%
Total $22,741 3.4% $22,024 (1,000) $21,024 -7.6%
NYC-WTC 000136379
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