However, when that exceeds DWP net income, DWP simply pays its net income. Six additional general fund revenues contribute at least one percent of City revenues. Municipal court fines include revenues from parking tickets issued in the City as well as crime lab fees. The documentary transfer tax is charged to purchasers of real estate at the time the property transfers and is a highly cyclical revenue source. Parking tax revenues are received from owners of parking garages and lots from a sales tax on parking fees.
Interest income is earned on the short-term investment of surplus revenues.
Revenues feeding the other significant special funds include garbage disposal fees, Convention Center revenues, state sales tax monies and grants dedicated to police services, and federal grant dollars for police, job training, and social services. There are seven major issues relating to the geographic allocation of revenues. First, in order to allocate revenues geographically, the Commission's researchers will of necessity assume that new cities would have a revenue structure similar to that of the City of Los Angeles. If a new city is unable to support itself based on these revenues, the Commission may consider scenarios where new cities increase tax rates to support themselves. If a new city were self-sufficient on these revenues, it would obviously be able to reduce rates below the City's current rates.