This paper analyzes the Newport Beach community's public budget.
Written in 2007; 2,768 words; 5 sources; MLA; $ 82.95
Paper Summary:
The paper explains that a public budget is influenced by a series of factors, including demographic, economic, social, military, historical or political factors. The paper relates that demographic factors, like population growth or demographic structure modification regarding age and socio-professional categories, determine the evolution of public expenditures and revenues. The paper therefore studies the demographic structure of Newport Beach. The paper provides the relevant statistics and highlights areas of growth and decline.
From the Paper:
"The main revenue sources are: property, sales, and transient occupancy taxes. Also, the General Fund is supported by: licenses, fees and permits, intergovernmental revenues, charges for services, fines, forfeitures and penalties, revenue from the use of money and property, contributions and other miscellaneous revenue. The most important revenue source for Newport Beach is represented by property taxes, followed by sales tax and then by transient occupancy tax. These three most important revenue sources are responsible for providing almost 73% of total General Fund revenues."
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