Through February, City General Fund tax revenue increased 3.9 percent compared to the same period in FY15. Wage, sales, and real estate transfer taxes continue to perform well, and for these taxes the City has revised its FY16 projections upward. Projected FY16 business income and receipts tax revenue has been reduced due to lower-than-expected FY15 revenue, the result of the first year of tax reform implementation. View the full report here.