L.A. Controller Ron Galperin released the city’s revenue forecast, highlighting projected growth in crucial revenue sources – but also warning that government spending could eclipse revenue growth next year.

The annual “Revenue Forecast Report,” online at lacontroller.org/revenue, provides updated estimates of current year general fund and special fund revenues, and also projects how much money will come into the city’s coffers in the next fiscal year.

The revenue forecast features a range of estimates for future city revenue to help inform the mayor and City Council as they discuss the city’s fiscal year 2019-20 budget this spring.

Galperin’s revenue forecast found that the general fund revenue this fiscal year will end up 5.5 to 6.7 percent higher than last year; while the general fund should continue to expand in 2019-20, revenue growth likely will slow to less than three percent, while expenditures are estimated to increase by 4.4 percent; and this year, the city is projected to generate $40 million from cannabis-related licensing fees and business taxes, which could grow if the city intensifies its efforts to permit new cannabis businesses and enforce against illegal ones.

The revenue forecast report and online interactive tools for exploring it are located at lacontroller.org/revenue.

Open data for all city financials is available at controllerdata.lacity.org.