City of Palm Desert
Historical Tax Increment/
Redevelopment Property Tax Trust Fund Summary
All Project Areas
| Project Area No. 1 | FY 2015/16 | FY 2016/17 | FY 2017/18 | FY 2018/19 | FY 2019/20 | FY 2020/21 | FY 2021/22 | FY 2022/23 | FY 2023/24 | FY 2024/25 |
|---|
| Gross Tax Increment | 56,610,029 | 58,222,677 | 59,842,517 | 62,844,689 | 64,495,840 | 68,597,410 | 70,656,513 | 77,499,942 | 84,972,724 | 88,571,053 |
|---|
| Less: | | | | | | | | | | |
|---|
| Housing Set-Aside* | 11,322,006 | 11,644,535 | 11,968,503 | 12,568,938 | 12,899,168 | 13,719,482 | 14,131,303 | 15,499,988 | 16,994,545 | 17,714,211 |
|---|
| SB 2557 | 629,449 | 725,403 | 662,238 | 594,754 | 570,820 | 858,150 | 1,503,453 | 1,246,470 | 432,274 | 69,967 |
|---|
| Gross Pass-Throughs | 22,961,604 | 25,052,727 | 22,919,420 | 25,953,291 | 26,949,281 | 28,676,151 | 29,944,830 | 33,357,702 | 35,580,689 | 37,823,623 |
|---|
| Net Tax Increment | 21,696,970 | 20,800,012 | 24,292,356 | 23,727,706 | 24,076,571 | 25,343,627 | 25,076,927 | 27,395,781 | 31,965,216 | 32,963,252 |
|---|
|
| RPTTF Amount Deposited | 24,696,424 | 25,131,004 | 19,923,194 | 20,331,658 | 21,672,933 | 21,069,258 | 16,915,008 | 14,831,440 | 12,600,746 | 24,332,053 |
|---|
| Project Area No. 2 | FY 2015/16 | FY 2016/17 | FY 2017/18 | FY 2018/19 | FY 2019/20 | FY 2020/21 | FY 2021/22 | FY 2022/23 | FY 2023/24 | FY 2024/25 |
|---|
| Gross Tax Increment | 16,232,329 | 16,302,895 | 16,916,067 | 17,466,255 | 18,503,456 | 19,553,601 | 19,897,195 | 21,078,916 | 25,160,631 | 28,033,694 |
|---|
| Less: | | | | | | | | | | |
|---|
| Housing Set-Aside* | 3,246,466 | 3,260,579 | 3,383,213 | 3,493,251 | 3,700,691 | 3,910,720 | 3,979,439 | 4,215,783 | 5,032,126 | 5,606,739 |
|---|
| SB 2557 | 180,457 | 202,348 | 187,481 | 165,500 | 172,557 | 243,191 | 188,413 | 339,023 | 150,443 | 21,765 |
|---|
| Gross Pass-Throughs | 6,078,194 | 6,103,481 | 6,372,798 | 6,609,645 | 7,125,321 | 7,569,060 | 7,672,621 | 8,741,803 | 10,192,720 | 10,943,961 |
|---|
| Net Tax Increment | 6,727,213 | 6,736,487 | 6,972,575 | 7,146,063 | 7,504,887 | 7,830,630 | 8,056,722 | 7,782,307 | 9,785,342 | 11,461,230 |
|---|
|
| RPTTF Amount Deposited | 5,547,427 | 5,887,814 | 5,516,674 | 5,629,776 | 6,106,095 | 6,005,764 | 4,763,343 | 4,033,947 | 3,731,112 | 7,701,357 |
|---|
| Project Area No. 3 | FY 2015/16 | FY 2016/17 | FY 2017/18 | FY 2018/19 | FY 2019/20 | FY 2020/21 | FY 2021/22 | FY 2022/23 | FY 2023/24 | FY 2024/25 |
|---|
| Gross Tax Increment | 4,039,902 | 4,360,574 | 4,364,606 | 4,487,719 | 4,653,982 | 4,947,578 | 5,015,404 | 5,230,337 | 5,981,595 | 6,187,933 |
|---|
| Less: | | | | | | | | | | |
|---|
| Housing Set-Aside* | 807,980 | 872,115 | 872,921 | 897,544 | 930,796 | 989,516 | 1,003,081 | 1,046,067 | 1,196,319 | 1,237,587 |
|---|
| SB 2557 | 45,175 | 52,745 | 8,947 | 42,853 | 41,139 | 62,062 | 47,593 | 84,122 | 36,511 | 5,001 |
|---|
| Gross Pass-Throughs | 1,510,219 | 1,656,158 | 1,662,390 | 1,730,228 | 1,813,552 | 1,937,004 | 1,985,858 | 2,179,024 | 2,438,525 | 2,428,172 |
|---|
| Net Tax Increment | 1,676,528 | 1,779,556 | 1,820,347 | 1,817,094 | 1,868,494 | 1,958,996 | 1,978,872 | 1,921,124 | 2,310,240 | 2,517,173 |
|---|
|
| RPTTF Amount Deposited | 1,290,623 | 1,295,156 | 1,422,709 | 1,451,877 | 1,563,906 | 1,519,617 | 1,200,676 | 1,000,948 | 887,021 | 1,699,936 |
|---|
| Project Area No. 4 | FY 2015/16 | FY 2016/17 | FY 2017/18 | FY 2018/19 | FY 2019/20 | FY 2020/21 | FY 2021/22 | FY 2022/23 | FY 2023/24 | FY 2024/25 |
|---|
| Gross Tax Increment | 13,889,272 | 14,287,533 | 14,685,301 | 15,251,204 | 15,776,294 | 16,815,458 | 17,592,461 | 18,995,874 | 22,394,351 | 23,842,729 |
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| Less: | | | | | | | | | | |
|---|
| Housing Set-Aside* | 2,777,854 | 2,857,507 | 2,937,060 | 3,050,241 | 3,155,259 | 3,363,092 | 3,518,492 | 3,799,175 | 4,478,870 | 4,768,546 |
|---|
| SB 2557 | 154,976 | 178,812 | 162,715 | 145,017 | 139,433 | 210,710 | 166,282 | 305,520 | 133,556 | 18,715 |
|---|
| Gross Pass-Throughs | 8,866,804 | 9,433,947 | 9,943,062 | 10,454,725 | 8,434,713 | 11,405,344 | 12,185,263 | 13,800,057 | 15,336,829 | 15,537,348 |
|---|
| Net Tax Increment | 2,089,637 | 1,817,267 | 1,642,464 | 1,601,222 | 4,046,890 | 1,836,312 | 1,722,424 | 1,091,122 | 2,445,096 | 3,518,120 |
|---|
|
| RPTTF Amount Deposited | 2,443,507 | 2,610,660 | 4,834,978 | 4,934,105 | 5,301,405 | 5,164,761 | 4,211,595 | 3,635,308 | 3,320,895 | 6,550,024 |
|---|
*For calculation purposes only - No requirement to deposit Housing Set Aside post Redevelopment Dissolution.