philadelphia's 2016 revenue report · pdf file$468.9m $471.7m $0m $50m $100m $150m $200m $250m...

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DRAFT – NOT FOR PUBLIC DISTRIBUTIONDRAFT – NOT FOR PUBLIC DISTRIBUTIONDRAFT – NOT FOR PUBLIC DISTRIBUTIONDRAFT – NOT FOR PUBLIC DISTRIBUTIONYEAR IN REVIEW FY2016 DEPARTMENT OF REVENUE CITY OF PHILADELPHIA

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    YEARINREVIEWFY2016

    DEPARTMENTOFREVENUECITYOFPHILADELPHIA

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    about.TheDepartmentofRevenue collectstaxes, water charges, and other fees and fines to provide funding for the School District of Philadelphia and City of Philadelphia.

    2

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    tax. water. legalenforcement.

    Taxes and fees

    Water, sewer, and stormwater

    charges

    Delinquent collections with the

    Law Department

    542fulltimeemployees

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    GeneralFundTaxes$3billion

    Fees,etc.$295million

    SchoolTaxes$961million

    Water$605million

    $4.9 billion collected in FY 2016lessthanonepennyofeverydollar

    collectedisspentonrevenuecollection

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    Business Income & Receipts Tax

    *preliminarydata,tobeadjustedforcreditbalances

    *

    $289.2m

    $291.7m$311.4m

    $414.6m $400.7m$356.8m

    $388.3m

    $468.9m $471.7m

    $0m$50m

    $100m$150m$200m$250m$300m$350m$400m$450m$500m

    FY2000

    FY2001

    FY2002

    FY2003

    FY2004

    FY2005

    FY2006

    FY2007

    FY2008

    FY2009

    FY2010

    FY2011

    FY2012

    FY2013

    FY2014

    FY2015

    FY2016

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    collectionsincreasedbyover$100millionsince2015

    reachrecordhighof$1.85billion

    Wage, Earnings, and Net Profit Tax

    $1.24b$1.28b

    $1.30b$1.31b

    $1.35b$1.38b

    $1.42b

    $1.50b$1.55b

    $1.49b$1.48b

    $1.52b$1.55b

    $1.62b$1.67b

    $1.75b

    $1.85b

    FY2000

    FY2001

    FY2002

    FY2003

    FY2004

    FY2005

    FY2006

    FY2007

    FY2008

    FY2009

    FY2010

    FY2011

    FY2012

    FY2013

    FY2014

    FY2015

    FY2016

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    Real Estate Tax Collectionsincreasedover$100millionsinceFY2015

    $0.8b $0.8b$0.9b

    $0.9b$1.0b $1.0b

    $1.1b $1.2b$1.3b

    $0.0b

    $0.2b

    $0.4b

    $0.6b

    $0.8b

    $1.0b

    $1.2b

    $1.4b

    FY2000

    FY2001

    FY2002

    FY2003

    FY2004

    FY2005

    FY2006

    FY2007

    FY2008

    FY2009

    FY2010

    FY2011

    FY2012

    FY2013

    FY2014

    FY2015

    FY2016

    *

    *preliminarydata,tobeadjustedforcreditbalances

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    $78.4m

    $78.1m

    $95.1m

    $102.6m

    $137.5m

    $194.8m

    $234.5m

    $219.1m

    $186.1m

    $115.7m

    $118.4m

    $117.3m$118.9m

    $146.9m

    $167.8m

    $203.1m

    $236.3m

    $50m

    $70m

    $90m

    $110m

    $130m

    $150m

    $170m

    $190m

    $210m

    $230m

    $250m

    FY2000

    FY2001

    FY2002

    FY2003

    FY2004

    FY2005

    FY2006

    FY2007

    FY2008

    FY2009

    FY2010

    FY2011

    FY2012

    FY2013

    FY2014

    FY2015

    FY2016

    8

    Realty Transfer Tax Collectionsincrease$33million

    frommorehomesalesandhighersalesprices

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    waterfund.

    With over 530,000 billed water accounts, the Water Revenue Bureau is

    responsible for creating water bills, collecting all water, stormwater, and sewer rents

    due to the City, and administering water assistance programs.

    WaterRevenueBureau

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    Water Revenue Collectionsexceed$600million

    $306.4m $307.0m$355.4m

    $405.9m$437.8m

    $470.6m$520.1m

    $569.7m$605.5m

    $0m

    $100m

    $200m

    $300m

    $400m

    $500m

    $600m

    $700m

    FY2000

    FY2001

    FY2002

    FY2003

    FY2004

    FY2005

    FY2006

    FY2007

    FY2008

    FY2009

    FY2010

    FY2011

    FY2012

    FY2013

    FY2014

    FY2015

    FY2016

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    $961 million in School Taxes Collections

    RealEstateTax$710million(74%)

    SchoolIncomeTax$41million(4%)

    Use&OccupancyTax$139million(14%)

    LiquorTax,etc.$71million(8%)

    in addition to nearly $200 million in local taxes directly collected by the State to fund the School District of Philadelphia from the

    Cigarette Tax and Sales & Use Tax

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    $21.63m

    $19.16m

    $17.15m

    $16.90m

    $14.52m

    $17.09m

    $20.26m

    $22.06m

    $29.19m

    $25.16m

    $21.78m

    $24.51m

    $27.76m

    $27.94m

    $37.00m

    $43.66m

    $40.48m

    FY2000

    FY2001

    FY2002

    FY2003

    FY2004

    FY2005

    FY2006

    FY2007

    FY2008

    FY2009

    FY2010

    FY2011

    FY2012

    FY2013

    FY2014

    FY2015

    FY2016

    School Income Tax Collections improvementsinIRSdatamatchingledtoapeakinFY15

    thatleveledoffinFY16

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    $41.7million

    $40.9million$42.9million

    $44.3million

    $49.1million

    $53.0million

    $61.4million$60.5million

    $66.0million

    $0m

    $10m

    $20m

    $30m

    $40m

    $50m

    $60m

    $70m

    FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016

    Liquor Tax Collections Grew 58%

    thirdyearofcollectionsgreaterthan$60million

    fromFY08 FY16,duetobetterenforcement

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    enforcement.

    14

    MOST TAXPAYERS PAY, AND PAY ON TIME

    AcrossallBusinessandRealEstatetaxpayingaccounts;about1in10

    weredelinquentatthecloseofFiscalYear2016

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    DRAFT NOTFORPUBLICDISTRIBUTION 15*measuredatthebeginningofeachFiscalYear*

    percen

    tofd

    elinqu

    enta

    ccou

    nts

    Lowest Number of Delinquent AccountssinceFY11thenumberofdelinquentaccountsdecreased25%

    theamountthoseaccountsoweddecreased20%

    20%

    16%15% 15%

    14%

    13%

    $408.9m $402.8m$397.2m

    $374.1m

    $380.2m$328.7m

    0%

    5%

    10%

    15%

    20%

    25%

    FY2011 FY2012 FY2013 FY2014 FY2015 FY2016$0m

    $50m

    $100m

    $150m

    $200m

    $250m

    $300m

    $350m

    $400m

    $450m

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    $61.86m

    $13.22m$4.06m

    $1.47m

    $9.68m

    $64.09m

    $3.21m

    $46.31m

    $7.38m$0.06m $3.50m

    $9.13m

    $14.25m

    $26.19m

    $16.48m

    $61.42m

    $

    $10,000,000

    $20,000,000

    $30,000,000

    $40,000,000

    $50,000,000

    $60,000,000

    $70,000,000

    PaymentAgreement

    SheriffSale Bankruptcy Appeal CALRevocation/SequestrationReceivership

    CollectionAgency

    NewDelinquency

    InternalCollections

    RealEstate BusinessTaxes

    ActivePrincipalBalance($342million)byEnforcementCategory

    Selecting the Right Toolfortherightdelinquency attherighttime

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    Improving the Customer Experience

    +$309milliononlinepayme