NYC-WTC_000195490

NYC 9/11 Public Portal Document

r MISCELLANEOUS RECEIPTS Forecast of Miscellaneous Receipts I'i The non-tax revenue portion of City Funds is referred to as miscellaneous revenues. The 2002 Executive Budget includes eleven classes of miscellaneous revenues, which are discussed below,

Miscellaneous Revenues ($ in Millions) Forecast to Executive . 2002 Budget 2001 Executive Increase Forecast Budget (Decrease) 7 Licenses ........... . ................... $47 7 (1) Permits................ . ................ 98 85 (13) Franchises and Privileges......... 193 189 \(4) InterestTneome .......................; 200 144 (56) Tbition and Charges for Services 428 415 (13) i Water and Sewer Revenues ...'. 848 849 1 Rental Income ............. ....... 139 111 (28) Fines and Forfeitures ......... 479 480 1 Miscellaneous .. ................ . . . 981 938 (43) Total Miscellaneous Revenues $3,413 $3,257 $(156)

Miscellaneous revenues are estimated at $3,257 million in 2002, a decrease of $156 million from 2001, exclusive of private grants and intra-city revenues. The revenue classes listed above are regrouped and described in the following three areas: Cost-based Charges (Licenses, Permits and Charges for Services); Water and Sewer revenues; and Other Income (Interest Income, Franchises, Rental Income, Fines, and Miscellaneous). (

Cost-based Charges

Cost-based Charges are revenues collected as a result of the City providing a service (copies of official records, ii" or inspections and reviews) and may be related to the government’s police or regulatory functions (pistol permits, restaurant licenses, building plan examination fees). In the absence of specific State legislative authorization for the City to impose a tax or a specific fee, the City may, where otherwise allowed by law, impose a user fee to recover the cost of providing services.

Licenses

The City issues approximately 485,000 licenses. About 85,000 are non-recurring, 145,000 arc renewed annually, and 255,000 biennially. The major sources of license revenue are taxi and limousine licenses, pistol licenses, marriage licenses, and various business licenses under the jurisdiction of the Department of Consumer Affairs.

The 2t)02 forecast for license revenue is $46 million, $1 million less than 2001. The decrease is due to the biennial renewal period for certain business licenses.

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NYC-WTC_000195579