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Sales Tax Revenues. The revenue from sales tax provided approximately 33.4% of Garden
<br /> Grove's total local tax revenues in 1995. The following table presents information concerning the value
<br /> of taxable retail sales in Garden Grove since 1990.
<br /> CITY OF GARDEN GROVE
<br /> Taxable Retail Sales
<br /> 1990 through 1995
<br /> Year Ended 12/31 Taxable Sales
<br /> 1990 $1,142,952
<br /> 1991 1,046,437
<br /> 1992 999,671
<br /> 1993 992,258
<br /> 1994 989,806
<br /> 1995 485,1600l
<br /> Source: City of Garden Grove
<br /> t0 1995 includes the first two quarters only
<br /> Property Tax Revenues
<br /> The total assessed valuation of the property within Garden Grove for the fiscal year 1994-95 was
<br /> $4,898,034,270. The total appropriations limit adopted by Garden Grove for fiscal year 1995-96 was
<br /> $49,603,100 and the actual appropriations for the same period was $25,566,400.
<br /> Garden Grove receives funds annually from the State based upon a percentage of property taxes
<br /> collected within the County computed on the City's respective assessed valuation, and a statutory system
<br /> of annual appropriations. The table below presents the assessed valuation of property within Garden
<br /> Grove for the past five fiscal years.
<br /> CITY OF GARDEN GROVE
<br /> Assessed Valuations
<br /> Total Before Total After
<br /> Fiscal Year Local Secured Utility Unsecured Redevelopment Redevelopment
<br /> 1990-91 $4,917,423,755 $ 903,639 $378,301,239 $5,296,628,633 $4,358,807,353
<br /> 1991-92 5,195,686,427 1,060,151 466,740,874 5,663,487,452 4,660,185,590
<br /> 1992-93 5,460,472,012 914,265 487,905,340 5,949,291,617 4,954,228,462
<br /> 1993-94 5,542,753,086 898,911 400,493,309 5,944,145,306 4,888,230,929
<br /> 1994-95 5,528,471,115 791,702 385,782,186 5,915,045,003 4,898,034,270
<br /> 1995-96 5,418,100,690 817,397 386,350,553 5,805,268,640 4,834,132,979
<br /> Source: County of Orange -Assessed Valuations
<br /> B-43
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