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Significant Declines in Major Revenue Sources <br />Sales Tax revenues declined by 26% <br />(approx. $11.6M from FY07-08 to FY09-10) <br />Property Tax revenues declined by 11.5% <br />(approx. $6.7M from FY07-08 to FY10-11) <br />$58.4 <br />$58.3 <br />$60 <br />$53.0 <br />$53.1 <br />$52.3 <br />$51.7 <br />$55 <br />Millions <br />$50 <br />$44.6 <br />$45 <br />$38.4 <br />$38.0 <br />$37.0 <br />$40 <br />$35.8 <br />$33.0 <br />$35 <br />$30 <br />$25 <br />$20 <br />FY07-08FY08-09FY09-10FY10-11FY11-12FY12-13** <br />Property Tax*Sales Tax <br />*Includes Property Tax In-Lieu VLF <br />5 <br />**Projected <br />