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Local government officials interested in revenue estimates for FY 2021-22 or a prior fiscal year should consult the relevant annual edition of the Local Government Financial Information Handbook.
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Historically, the release of adjusted population estimates has occurred during early to mid-June, the completion of the Measures has occurred no later than the end of June, and the subsequent release of revenue estimates has occurred within the late June to mid-July timeframe. The Measures embody the fiscal impacts to state and local revenues resulting from enacted legislation during the most recent legislative session. Second, the official Measures Affecting Revenue adopted by the Revenue Estimating Conference (REC) at the conclusion of each Legislative Session is required prior to completing the estimates. First, the most recent annual population estimates, which have been adjusted for annexations and incorporations, are needed from EDR to begin the process. Two sets of data are required by the Department of Revenue's Office of Tax Research to calculate annual county and municipal revenue estimates.
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