Revenue Budget Summary 2021

2021 proposed budget executive summary sales tax revenue declined by 15 in the first six months of 2020 compared to the same period in the previous year.

Revenue budget summary 2021. Spending would be lower again for 2021 should contingencies set aside for a no deal brexit and risks associated with covid 19 not be utilised. Summary of budget 2021 measures policy changes taxation measures for introduction in 2021 1 this measure will also be applied for the 2020 tax year with a 2020 cost of 13m. Budget fy 2021 general fund summary of expenditures family support council 10 000 dept of family and children services 80 000 georgia dept of veterans services 1 000 indigent funeral expense 16 000 senior center total health and welfare 374 500 culture and recreation. Sales tax revenue for 2020 as a whole is expected to decline by 16 to 21.

Fy 2021 revenue assumptions 24 general funds budget plan fy 2021 25 fy 2021 budget implementation bimp bill 26 fy 2021 appropriations by. The 2021 budget includes a four year financial plan for fiscal years 2021 2024. We recommend that the following summary revenue and expenditure budgets be approved effective july 1 2020 for the period july 1 2020 through june 30 2021. The four year plan forecasts manageable budget scenarios for 2021 2024 in spite.

The 2021 revenue budget decreases by 7 6 million to 312 7 million largely due to a 6 0 million decrease in debt borrowing to. Budget 2021 summary leaflet. Ann arbor dearborn flint total general fund 2 300 039 158 265 113 650 2 571 954 designated fund 195 653 520 745 196 918. The 2021 budget and projected 2020 year end numbers form the basis for the four year plan along with assumptions and estimates which are detailed in executive summary and budget message.

Income tax tax credits the tax credit changes are in bold. Budget 2021 shows that the gap should close somewhat next year. The minister for finance announced the following changes in his budget speech on 13 october 2020. Budget summary 2021 these are the key tax measures in the budget statement of 13 october 2020 as made by the minister for finance.

Revenues are likely to be equivalent to 41 5 per cent of gni this year. Guidelines on the operation of the covid restrictions support scheme. 36 000 tax credit 2020 2021 single person 1 650 1 650 married or in a civil partnership 3 300 3 300 employee tax credit 1 650 1 650. 2021 revenue highlights a brief summary of the major changes in the past five years to the adopted budget are briefly explained as follows.