City of New Orleans

Financial Overview

City of New Orleans Budget Overview

Revenue Expenditure 2005 2006 2005

2006

(in millions)

Operating Budget $620 $460 $620

$460

Capital Budget $ 70 $0.2 $ 70 $0.2

Bd. of Liquidation $58 Unk. $ 57

$58

City Operating Budget Revenue (in millions) 2005 2006 General Fund $453 $317 Other Funds 167 143

City Operating Budget, Consolidated Revenues (in millions) 2005 2006 % change Taxes $260 $52 Licenses & Permits 64 22 -65% Intergovernmental 12 7 -45% Charges for Services 55 11 -80% Fines & Forfeits 18 4 -77% Miscellaneous 22 4 -80% Other Financing Sources 21 217 +939% TOTAL GENERAL FUND $453 $317 -30%

Anticipated Grants 50 50 Grant Funds 45 43 Comm. Dev. Funds 45 Special Revenue Funds 19 2 Library Fund 8 3 Self-Generated Fund ___1 0 TOTAL OTHER FUNDS $167 $143

45

-80%

City Tax Revenue 2005 2006 Sales tax $152.5 $21.3 Property tax 111.9 Utility tax 11.5 2.0 Doc. Trans. tax Other tax 4.3 -- TOTAL $260.4 $52.2 Bd of Liquidation $56.0 Unknown

33.4

7.0 .2

Property Tax Millages, City of New Orleans (2005 Rates) City of New Orleans General Alimony Fund 14.91 Fire & Police 6.40 Public Libraries 4.32 Housing/Economic Development 2.50 Parkway & Recreation 3.00 Street & Traffic Control 1.90 Capital Infrastructure 2.50 City Homestead Exempt 35.53 Fire (not homestead exempt 5.21 Police (not homestead exempt) 5.26 City Total 46.00 Board of Liquidation, City Debt 28.40

Revenue by Source, 2005

Sales tax

Prop. Tax - ops.

Prop. Tax - debt.

Other taxesLic. & Permit

Intergov.

Svc. Charges

Other Sales tax

Prop. Tax - ops.

Prop. Tax - debt.

Other taxes

Lic. & Permit

Intergov.

Svc. Charges

Other

Source 1996 BGR report Property Taxes in New Orleans: Who Pays? Who Doesn’t? And Why?

Taxable and Tax Exempt Real Property

Exempt, Other Privately Owned

20%

Exempt, Publicly Owned 28%

Homestead Exempt 17%

Taxable 35%

City Operating Budget Expenditures (in millions) 2005 2006 City Departments $464 $324 Judicial and Parochial Offices

46 27

Debt (excluding bonded indebtedness)

38 39

Unattached Board and Commissions

14 16

Miscellaneous Programs

8 4

Anticipated Grant Expenditures

50 50

Total $620 $460

City Expenditures by Department Operating Expenditures

Figures in $millions, rounded

2005 2006 % Chg

Police 124 101 -19% Mayor – Neighborhood 1 43 42 -2 Chief Admin Office 53 40 -25 Fire 51 40 -22 Mayor 31 22 -30 Sanitation 35 21 -41 Health 20 16 -22 Public Works 19 10 -50 Finance Operations Only 13 6 -56 Property Management 11 6 -45 Law 10 6 -32 City Council 12 4 -66 Parks & Parkways 7 4 -52 Safety & Permits 5 3 -37 Mayor – Economic Development

7 2 -75

Recreation 8 1 -90 Human Services 2 1 -63 Civil Service 2 1 -58 Other 9 0 -100 Totals 464 324 -30

38 39 +2

City Expenditures for Judicial and Parochial Offices, Approved Budgets Criminal Sheriff $30 $16 D.A. Office Clerk, Crim. D.C. Juvenile Court 2 1 Coroner’s Office 2 1 Crim. Dist. Court 1 Municipal Court 1 1 Traffic Court 1 1 Registrar of Voters 0 0 Judicial Retirement 0 0 Civil District Court 0 0 City Court 0 0 Total

2005 2006

3 2 3 2

2

$45 $27

City Capital Budget (in millions) Revenues Expenditures: Major Components Major & minor streets Parks & Recreation Other Public Facilities City’s Energy Mgmt. Program

$70 $0

70

4910 7

3

2005 2006

Exp. by Dept., 2005

Police

Housing

CAOFire

Mayor

Sanitation

Health

Public Works

FinanceProperty Mgt.

LawCity Council

Other

Police

Housing

CAO

Fire

Mayor

Sanitation

Health

Public Works

Finance

Property Mgt.

Law

City Council

Other