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City of Ramsey <br />Governmental Activities Tax Revenues By Source <br />Last Five Fiscal Years <br />(accrual basis of accounting) <br />Fiscal Year Property Tax Franchise Tax (1) Total <br />2004 $ 7,954,549 $ 404,881 $ 8,359,430 <br />2005 8,807,253 — 8,807,253 <br />2006 10,409,249 - 10,409,249 <br />2007 11,562,407 — 11,562,407 <br />2008 12,345,279 — 12,345,279 <br />Note: The City implemented GASB Statement No. 34 in fiscal year 2004. <br />This information is not available for previous fiscal years. <br />(1) First and only year of tax <br />