1. Revenue projections for the City of Philadelphia’s FY20-24 Five Year Plan Anna Adams Budget Director February 12, 2019

2. FY19 Tax Revenue Estimate (as of Nov 15, 2018)

3. FY19-23 Five Year Plan (current) FY20-24 Five Year Plan (proposed)
Wage and Earnings tax
FY19-23 Five Year Plan (current)
FY20-24 Five Year Plan (proposed)
FY19
3.79%
3.03%
FY20
4.50%
4.30%
FY21
3.45%
3.97%
FY22
3.41%
3.84%
FY23
3.37%
3.83%
FY24
N/A
3.63%

4. Business Income and Receipts tax
FY19-23 Five Year Plan (current)
FY20-24 Five Year Plan (proposed)
FY19
5.46%
2.61%
FY20
5.16%
8.28%
FY21
3.38%
1.16%
FY22
3.94%
0.57%
FY23
3.95%
0.12%
FY24
N/A
1.82%

5. FY19-23 Five Year Plan (current) FY20-24 Five Year Plan (proposed)
Sales tax
FY19-23 Five Year Plan (current)
FY20-24 Five Year Plan (proposed)
FY19
3.80%
4.05%
FY20
3.62%
3.79%
FY21
3.30%
3.13%
FY22
3.12%
3.01%
FY23
3.10%
2.97%
FY24
N/A
2.96%

6. Real Estate Transfer tax
FY19-23 Five Year Plan (current)
FY20-24 Five Year Plan (proposed)
FY19
-6.25%
-2.56%
FY20
1.96%
1.37%
FY21
3.15%
1.13%
FY22
2.78%
4.16%
FY23
2.80%
3.70%
FY24
N/A
-4.59%

7. FY19-23 Five Year Plan (current) FY20-24 Five Year Plan (proposed)
Net Profits tax
FY19-23 Five Year Plan (current)
FY20-24 Five Year Plan (proposed)
FY19
4.49%
9.49%
FY20
3.79%
5.52%
FY21
3.39%
0.56%
FY22
1.62%
-0.10%
FY23
1.44%
-0.53%
FY24
N/A
-0.37%