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Fiscal Year 2014 City Manager's Budget Transmittal PresentationMasterpiece on the Mississippi Fiscal Year 2014 Recommended Budget Historical Context Historical Context WOMEN' JUL I41% THE DUBUQUE GOLF AND COUNTRY CLUB Oub•aa• , lows Welcome. Yea••_ �E'`ffi JaIY 26 -31, 1965 ANNUAL TOURNAMENT For decades Dubuque has prospered as a strategic industrial, wholesale, and retail center dominating a vast tri -state marketland_" ___while unemployment, at 1.5 %, was the lowest percentage ever recorded_" July 1965 3 Historical Context '983 THE DUBUQUE CONNECTION reeneerro DUBUQUE NIGHT March 23, 1983 DUBUQUE NEEDS JOBS - City Suffers Highest Unemployment Rate In Iowa Edam,. aradth depends nn laid, lelur. capital . an - YeN_+latim of transpctution`ta tramp/nation the aof the e®pwtar thigh are m served by W Seetetate N9 aW system. �.a OiBIgUE 79 TIM NS69t es9B.9eauo[NG moo Mon IN Trte COUNTRY NOT NOW SEMI OR ilainteD TO SI PERKO A HARD TIME M THE OLD TOWN [WUgue'e plight is becoming desperate. It wety during the recent esutan, and Me for N M9nest weglewent rate of Ite&t iWn s. Si onfortimate fact Is no surprise . K tbg¢r nec Muetry and retail business cmeist nely Is. the pnt Ye Cnpay, tM city'. a t Tst.]. employer with 615 room., Ft plaque in 977, le [[ citing the Lek of tram.- ehe principal Saud. of its cove, et .a. as 1078. noting �h better Suess w it electric p[�ce eykets in s bustle: John LMUatrial aevpOnt otetaianbuilds Ste new plane N adjacent noelrq easier Ntpunt tatga equipment than possible -in Pcqus b m tow yt...to es Dubuque tare, la r lW people, and note. declining recall markets in Dubai.. over Dubuque's plight is becoming desperate. It suffered more severely during the recent recession, and has for the past three years had the highest unemployment rate of Iowa's SMSA's (largest cities). That unfortunate fact is no surprise to Dubuquers. It has been losing both industry and retail business consistently for the past decade...Dubuque is losing its people. Recent estimates show 10% of the housing stock vacant or available for sale." The Dubuque Connection, 1983 Chamber of Commerce Publication 23% unemployment in January 1982 4 Historical Context 2013 • #1 in Iowa for Private Sector Job Growth Rate in 2010, 2011, 2012 — Iowa Workforce Development. In 2012, Dubuque had a net gain of 1,600 jobs, 11.1% of all the net new jobs created in the State. • Named a 2012 All- America City by the National Civic League for the second time in five years • #16 in the Top 100 Overall Cities and #3 in the Top 20 Midwest Cities in the 2012 Leading Locations report — Area Development magazine • Selected as the sixth "Brainiest Metro" in the country. — The Atlantic • One of 26 metropolitan areas (out of 363) that have completely recovered the jobs lost during the great recession — U.S. Conference of Mayors • 9th among the 392 Largest U.S. Cities for Employment Growth — Moody'sEconomy.com • Seventh in the nation in Forbes Annual Best Small Places — Forbes • #5 for resiliency of 361 cities — Institute of Governmental Studies 5 Historical Context Dubuque County Employment December 2012 1983 1990 46,000 Total Employment Historical Context 203 0 future progress will be about: PLANNING - PARTNERSHIPS - P E PLE-E-eader t Implementation r are we up to the challenge. III Good is the enemy of great. 7 7 Jim Collins, author of "Good to Great" 7 Plan for Success Plan for Success Comprehensive City Plan Comprehensive City Plan prepared for CITY OF DUBUQUE, IOWA FRANK M. JAEGER, Mayor COUNCILMEN ARTHUR M. BENNETT JOHN K. CHALMERS R. M. EVANS, City Manager M. H. CzlznK, City Solicitor MARK R. KANE PETER SCHILTZ PLANNING AND ZONING COMMISSION RIGHT REV. MONSIGNOR J. M. WOLFE, Chairman DALE D. WELCH, Vice - Chairman FREDERICK E. BISSELL WILLIAM AVERY SMITH RICHARD V. MCKAY, Secretary R. DEWITT WALLER Louis C. STOFFREGEN. JOHN NOLEN, City Planner, Cambridge, Mass. JUSTIN R. HARTZOG, Associate, Cambridge, Mass. WALTER H. CULLEN, City Engineer CARL F. BARTELS, Building Commissioner SEPTEMBER 1936 • Adopted in 1995, replaced 1936 plan • Updated 2002, 2008, and 2012 9 Plan for Success Supplemental Plans • Historic Millwork District Master Plan • Washington Neighborhood Master Plan • Downtown Master Plan • Annexation Study • Port of Dubuque Master Plan • Drainage Basin Master Plan • Utility Extension Plan • Park Development Plan • Industrial Park Development Plan 10 Plan for Success Annual Goal- Setting Sessions MAYOR yD. 204 D. owl 264) Beck) a Plus. (5 31 5 51143 Pao le (5631564 -51'_5 rdhuol@cilyoldubeque.org Tea Exptras: 170). 31, 2013 AT -(ARCE Ric O. lutes 1271 mnnhmh Ct Odiueue,.owa 52003 Note (563) 550 -3170 rtnneseacilycfduluque ore Term Fepims nee. 31.2013 AT -1ARCE Day d T. Resnick 375 Alpine Street Dubuque. Iowa 51101 hon. 582.92IT . dresniel0c4.Yoldo5ugen.•rg Terra Emilia Des. 31. 2015 FIRST WARD Kevin I. lynch 749 °olefin/ Sr mm Music, sea 220)2 Pima (500) 5e/ -Zb55 61$ nchrOcilyold u Isipe.org lam expires: Ave. 31 2013.. Ini SECOND WARD Karts a. Brag 1145 Ina, Ilvi oehucne, nwa 52031 FPiero (553) 58305E5 kbra igtOciloetd u buque.orp . Tenn Nairn: Ave. 31 2015 THIRD WARD Joe E. Connors 6011 LOAN Sleet Dubucne, owa 52001 Poore: (5631587 -:3713 I I¢O IxpirclitBee 31q'1 erg Um tepirr Her. 31 171(3 FOURTH WARD 1)uo 1. Sumo 870 Yale CI., NI nuhnene. 61. 57011 Plora (5E5) 585 -01779 I sots o n<dcityvld ubu q u e e rg lain txpfrao Dec. 31 21115 CITY COUNCIL MEETINGS The Dubuque City Council meets on the first snd third Monday of each month in the City Council Chambers on the second tour Otte Historic Federal Building at 350 west Ott Street. Meetings begun at 0:30 p.m. and are broadcast live on CityChannel, Dubuque's local go/ miner' access channel (972 digital. a ana.eg) or the Mediacom cab'.e system. Meetings am also streamed live and archived on the Cilywmisite, www.ehyotdublgae. nrg1nedia. Fnr agenda and mites mtermahnn. visit maw cilystdubuque.mglcitycooncil Jr contact the City Carla Office at (563)589 -4120 or cityc lock ®ciyotdcbuque.crg. CITY COUN C1 0 GOALS & PRIORITIES Eact year, he Dubuque City Council completes its anrual goal- settirg sessions. Cver the course of two days in August, City Council members reatiirmed the 15 -year vision statement, mission statement, and devebped priorities for a 2012 -2014 po icy agenda. 2027 VISION STATEMENT The city al Dubuque is a prcgress ve, sustainable city with a strong, diversified economy and expanding global con mean A • the Dllhrpm enmmlmity is an activism ammo nityeerebraimg culture and heritage and has actively preserved our Masterpiece on tee Mississippi: • Dubuque citizens experience healthy tiering and active retirement through quality, ,ivable neighborhoods and an a3sndance o1 tut tWigs to do and they are engaged in the eemmumty, achieving gnu sthmugh padrmmmps: and • Dubuque city guuenin bit s fie alcialh sound old providing serviues with citizens gelling value for their tax dollars. CITY MISSION STATEMENT The City's mission is to deliver excellent municipal services that support urban living, and contribute to a sustainable city. the 15hy plans to'th P. immunity's tlnnre, And facilitates access to critical lumen melees, The result isa financia0N sourd cityguvernmenl and ethers gelling services and value for their tax dollar. FIVE -YEAR COMMUNITY GOALS FIVE -YEAR CITY GOALS FOR A SUSTAINABLE DUBUQUE • 100nnm0-1lspenty • StcfaliCiFinal Vibrancy • Environmental lntegity • 'Iannedane Menagec Cmwth • Partnering for a Better Cuauque • unproved Cannetivity- Transportation and Terennnlmunieatioos POLICY AGENDA 2012 -2014 Top Priorities (in alphabetical order) • Ails and Cull ire Strategy: Evaluation, Direction, Goals, City Aaiun, City Funding Complete Sna ler Su stainable Duhu quo Comm unity Engagement Pilot on the Ads - Initiatives for inclusiveness • Commurity Orgmi /almnS: Cily Supped and Funding - Every Chid /Every Pmmse, Project IIOPE, Dubuqueyrorls, Distinctvely Dubuque, Dube quo Concierge Welcoming Program, and initiati✓es for inclusiveness • Bubo mle Alfllwmi( nistOrt Master Plan, Prelects, Parking Snlldinns • Mystique Casino Evaluation and Direction • Southwest Arterial Project: Fund ng High Priorities (in alphabetical order) • Greater Dubuque Development Corporation CilySupywd • Indoor Aquatic Center: Evaluation, Direction, and School Paddeeehip • Master Flan fm Chaplain Schmitt 15501: Dedeldpmeil • Safe Con nun ity Initiative Monter dng and Next Steps • Skate Parks • Street Impalement arlgram • Third -Grade Read ink Shalegy: Direction and Implementation MANAGEMENT AGENDA 2012 -2014 Economic Prosperity Goal • Dubuque Initiatives. Nod. Slop • Green lobs braining Program • 'Ma rcc Maine Rale Housng Sltategy • MICC Job (raking Grant • frameablefneigy Program Environmental/Ecological Integrity Goal • Sustamehihly Pnnilasung Policy and RaWairs • Energy Efficiency Community Bleck Giant 1EECBG) Implementation • Aulmnale: Yennlo I amain (0311110 IIarnmt • Grand Rino Center Electric Meters Rood • Ilnmermlyoi lava Initiative to Seslamahie Clunnnnubes Pr3iocts • Green TA.rlu Wok Man: Implenienlalkm • SustamablliNCurnculum In School System • City Operations: SUStainabilly Performance Measures • Dubuque Nay91nar Snead Plan: Drwahnpniard • Department of Energy Smart Grid Giant • FFMA Fiend Plain Maps: Amendment • Sustamahle Orsegn Standards and Ineentarts • DMASWA landfill. Methane. Mural Coil Apparent Compost: Duality and fluent*? Social/Cultural Vibrancy Goal • cal /14 uhrxce Unwisely Re :Fulham' and Sak+aun • Territory Aosuntabalty Design. Targeted fictions • Multicultural Family Curler Budding Fleansuen • Local Fonds Program: implementation • When Gardens Development • Cmuen Acadenek D•rWemnlenl • hdeitultural Compeleap Program within City Covelnmentu SulbOeasenment, Irammg • Police Dplorer Program: Support • Rime-Rua Diahugua • Susie mettle Dubuque ledscalors Solhvare ItAA: Implementation OSLISTBAINABLE Q UE NI• • lent:• � , Y4 10042 owe sslanahlyduhlmre.or. Planned & Managed Growth Goal • 150sing1,:gram- U orron lln,lmding wain l0 • bdhra and Inlillralnn IMograalllnnie levier erns: I PA Consent (Txree Implementation • Snmmlinnce and SYsurNdameea Ulalral. Resign, binding, Implmsentallon • City Caapehenslve Plan: Illdale • Census Count Resulutmn • bled WaIL Funding, Evaluation, Call Protection • )8 ale•ade !Ma n Design ail Sperdialnns {StunuS( (Ay Engiaemng Standards: Update • &c Rrantlr Creek Restoration Project: Radmad Resolution. Upper [Mach Resign. Land Mgusdiml, l mrdng Partnering for a Better Dubuque Goal • ParkscSchoot bind Projects ad Samuel City htlons • City enlunteer Program: Devdnpnead • Sister City Program: Delegation to Potential City • All America City Award • Dag PankCelrand Hart Development. Om hot • veterans Memorials: Marshall Park Miller Riverview Pak, Chaplain Schmitt Island • Handicap Amass:bre lot Palls: Direction • Amerideps Program: ttalnng • Gum yrsiun [ducat ion • Bridges Out of Poverty Program: City Supped Improved Connectivity: Transportation and Telecommunications • Small Tralaporlalion Program • transit for College Rates: Implcmentaliew • Miley Upgrades: Grant Fleeing • Irani: Signal Synchrmlraken: CAymee Other City Actions • DuadnN Budged Monitoring Prou55: Impkmentatinn • Performance Measures: Implementation • Budgie am] Finnvcal Repot Ite-Mde • Websito Content Hamper/we (CNicPlus) • Calmat Resprmse Management System WAWA' • 900 Mlle Data System: Lxpansion • Fnlpioyr eMP.IIbaea Naftali' Five -Year Coals, City Interned Purling • Employee rnsolvement learns Eoaimion • IkaRhonda! :ad Containment: ;Milled Rao :iiphnn Dregs Program. Agreement *TN hospitals • PNixOMicee Remmlmat and Retention :Actions • lined Rating Renew Tien art ran 0 Dubvque beta DUB ice: E ell Malkryiece on the Miasfseippi rota For more information. call 563.589 A170 or visit wwwcilyoldutuque .org/councilgoals 11 Plan for Success Community Visioning • evvf5iok\ FINAL 10 IDEAS TEN COMMUNITY PROJECTS BY 2010 • America's River Phase II • Bilingual Education Curriculum • Community -wide Wireless • Community Health Center • Indoor/Outdoor Performing Arts Center • Integrated Walking /Biking /Hiking Trail System • Library Services Expansion • Mental Health and Substance Abuse Services • Passenger Train Service • Warehouse District Revitalization 12 Plan for Success What's GREATER DUBUQUE DEVELOPMENT GreaterDubuque Development Corporation A plan to create 3,300 jobs and have $700 million in new construction over the next 5 years. 13 Investments for Progress Investments for Progress Progress costs money. Stagnation has a cost also. Some of that cost is economic, like decreases in property values, less private investment, no growth in retail sales. Stagnation would contribute to the cost of City services becoming an increasing burden on fewer and fewer people. Stagnation actually has a higher cost than progress. Less jobs for our children and grandchildren, causing them to leave the area. Dubuquers are not interested in repeating that experience from the 1980's. Dubuque has been investing in the future, not spending money on short -term improvements with limited life that will provide only short term gains, but building for a solid future. 15 Investments for Progress History of CIP Operating Budgets $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 Operating Budget iCIP Budget $- I I I I °)� °�h goo '� Oro �0°) o o 0 ti o oti o o o o o o� o° o y ti o �� eti '' � ticb NY NY NY NY NP' dddddddyddI/ d 1/ 1/ d ,yo 16 Investments for Progress Reduction in CIP Budget Bee Branch Creek Restoration Project • Grant request to EDA for $1.22 million with notification expected early 2013 • State Flood Mitigation Program created in 2012 which established a Sales Tax Increment Fund • Stormwater Management Utility Rate for FY 2014 recommended to remain at current rate of $5.60 with the understanding that it may be adjusted at some point during FY 2014 when the project costs and funding sources crystalize. 17 Investments for Progress Reduction in CIP Budget Water & Resource Recovery Center • $64 million Project Substantially Complete October 2013 • Final Completion February 2014 • Funds needed for Water & Resource Recovery Center have been accumulated from being budgeted in past years 18 Investments for Progress Reduction in CIP Budget Southwest Arterial • FY2014 - FY2018 CIP has been updated to more accurately reflect project development which will occur based on actual available funding. • Funds needed have been accumulated from being budgeted in past years • Anticipated federal and state grants are not reflected in this 5 -year CIP 19 Investments for Progress Reduction in CIP Budget Utility Extensions - Annexed Areas • City has not received any requests for utility extensions for large tracts of properties previously • In the future, as these requests are received, these costs will be added to the budget 20 Investments for Progress $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- Total City Indebtedness $ 236,215,088 $135,776,561 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 21 Investments for Progress 90,000,000 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 Total City Indebtedness Issued /Projected (FY 2003 - FY 2023) 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Fiscal Year Note: FY 2009 Reflects the full amount for the Water & Resource Recovery Center 22 Investments for Progress City debt capacity is set by state law at 5% of the entire community assessed valuation. All City debt is not counted against that debt capacity. With the issuance of the debt planned in FY2014, the City could be at 75% of the statutory debt authority, which will be the second highest percentage of the 10 cities in Iowa with populations over 50,000. In other words, the City could still issue $38,281,798 in debt, without retiring any existing debt and still not exceed the statutory debt authority. Investments for Progress Impact of Economic Development Property Tax Rebates The City will be at 75% of statutory debt authority after the debt is issued as planned in FY2014. • 39 economic development agreements • $20 million in rebate debt • 11% of statutory debt limit The $20 million is rebating a portion of the businesses annual property tax payment over 7, 10 and 15 years, a payment that would not exist if they did not do the project. Investments for Progress 90% Statutory Debt Limit Used 80% 78.93 70% 60% 50% 40% 30% 20% 10% 0% 75.28% 73.31 °0 2.46% 46.14% 52.90% 40.47% 43.S1J% 37 42% 36.15% • 4 35 31% FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 *As of June 30th 25 Investments for progress Nationally, there are concerns about the annual federal deficit of the federal government and the total debt of the federal government. How does Dubuque compare? Each year the federal government runs a deficit. This year it is projected at $901 billion dollars. That means the federal government will spend more than it receives in revenues this year so it will need to borrow money, not do to capital projects, but to pay its operating expenses. With a $3.803 trillion operating budget this year, the federal government will run a $901 billion deficit. The City of Dubuque has never run a deficit. State law requires cities to have a balanced budget. In fact, each year the City runs a surplus, in other words each year the City of Dubuque brings in more revenue than it spends. The City of Dubuque only borrows money to do capital projects like building a new $64 million replacement for the Water & Resource Recovery Center where sanitary sewer revenue will make the debt payments. 26 Investments for Progress The City of Dubuque does NOT borrow money to pay its operating expenses. On June 30, 2014 the City will have a total debt of $224 million. The City of Dubuque has designated sources of revenue to make all the debt payments. The planned major capital projects the City needed to complete, like the $64 million Water & Resource Recovery Center, the $60 million Bee Branch Creek Restoration Project to save over 1,100 homes and businesses from flooding, will be completed. Each year thereafter the City will decrease the statutory debt authority being used. 75.28% 35.31% 27 Investments for Progress Credit Card Debt Comparison I heard the City debt compared to using a credit card. Once again, the City does not borrow for operating expenses. City debt is more comparable to when a person borrows money to buy a house. The City borrows money for long -term capital projects, not like the use of a credit card by a family. ResJts 58,000 56,000 54,000 .0 0 0 a- 52,000 E 50,000 48,000 46,000 Dubuque County Employment: 1993 -2012 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20.1% Job Growth in 19 Years 30 DIVERSE, STRONG DUBUQUE ECONOMY #1 in Iowa for Private Sector Job Growth Rate, 2010/2011/2012 11.1 ° /a (1,600 net new jobs) of State Total in 2012, 12% (1,100 net new jobs) in 2011, and 11.2 ° /a (1,200 net new jobs) in 2010 with just 3% of the State's Population (Data Source: Iowa Workforce Development) 1982 -2011 Job Growth Rate Iowa = 13.5% Dubuque = 50.7% Results $15 City of Dubuque 1987 - 2014 City Property Tax Rates $8 1� 00 O O r N M 11 CO 1- 00 O O r N M Tr LO CD 1` CO O O r N 1h 00 00 00 O O O O O O O O O O o O O o O O o O O o a) a) a) a) a) a) a) Q) a) a) O a) O O O O O O O O O O O O O O O O N (N N N (N N N (N N N (N N N (N N Fiscal Year 2.24% increase in FY2014 32 Results $90,000,000 $85,000,000 $80,000,000 $75,000,000 $70,000,000 $65,000,000 $60,000,000 $55,000,000 $50,000,000 $45,000,000 $40,000,000 $54,152,078.00 Cash Balances $59,133,584.00 $60,526,451.00 $49,110,800.00 $50,135,726.00 $71,378,694.00 $81,746,736.00 $56,059,583.00 $84,032,553.00 $61,565,261.00 'v e ock lel o °° off' a 0 °` o °�' a tO4 °�' 0 °6 0°i o42 ole o4S o$: o'`�' ti ti ti ti ti ti ti ti ti ti ti ti ti Fiscal Year • Low of $49.1 million in FY1995 to the $84 million as of 6/30/2012 • Over $5 million in uncommitted cash reserve Accrual basis cash balance at fiscal year end includes investments' market value adjustments and accrued interest. Includes non - spendable trust dollars, funds restricted by outside parties, and unspent bond proceeds. 33 44, 431,974 Results Top 10 Capital Projects (1997 -2018) # Project Description 1 2 3 4 5 6 7 8 9 10 Streets Project (Engineering & Public Works) Southwest Arterial Parking Ramps America's River Project Water and Resource Recovery Center Bee Branch Creek Project Sanitary Sewer Airport Terminal Project Industrial Parks Stormwater Total Cost $ 199.194.688 98.300.000 73,111, 467 70, 674,035 64.885.000 57, 529,830 39, 980, 848 36, 096,331 29,099,313 $713,303,486 Note: Streets Project, Sanitary Sewer, and Stormwater is a cumulative amount from FY 1997 to projected FY 2018 34 Results Street Improvement Program • About 310 miles of streets • Over 40% in last 12 years • 70% between 1990 -2014 • $6.1 million for FY 2014 1990 -1994 Annual Average: $2.1 million per year 1995 -2018 Annual Average: $6.7 million per year Results 69% Top 10 Capital Project Funding Sources 20% (Since 2006) 1% • Federal 11% ■ State City /Other 36 Results Unfunded or Reduced Projects, FY2009 -2014 Improvement Packages: $8,354,176 Capital Improvement Projects: $239,199,776 Total: $247,553,952 over the last 5 years Results 22 New Parks since FY1994 25 Existing Parks - 713 Acres 20 New Parks -179.5 Acres 7 New Parks Planned -14.25 Acres $11 million investment in parks since FY1994 38 950 Acres of Industrial Park Land • Kerper Blvd. Industrial Park.(710 employees) • Dubuque Technology Park (1,028 employees) • Dubuque Industrial Center (1,244 employees) • Dubuque Industrial Center West (1,285 employees) • Dubuque Industrial Center North (116 employees) TOTAL: • 47 businesses • 4,383 employees 39 Results Dubuque Industrial Center West • Adams Company • Alliant Energy • Arts -Way Vessel Systems •Automated Pre -Sort • Dubuque Screw Products • DDI, Inc. • Giese Manufacturing • Hartig /Med One • Hodge Companies • Hormel • InfoSafe • ITC • Kendall Hunt • McGraw -Hill • Medline • P & L Ventures • Speigel Family Realty • Theisen Supply • TM Logistics • Tri -State Industries • Universal Tank • Vanguard DUBUQUE Industrial Center Lti' C S I. JOHN G. CERGULLO RCCRCAT10N ARCA 40 Results $1,600,000 $1,500,000 $1,400,000 $1,300,000 $1,200,000 $1,100,000 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $- City of Dubuque New Taxing Bodies Tax $ - Retiring TIF Districts, in First Year of Expiration $456,524 $1,573,061 • DCSD, $710,476 • City, $482,233 County, $299,537 • NICC, $49,547 Other, $31,268 $448,430 • DCSD, $202,534 • City, $137,469 • County, $85,389 • NICC, $14,124 • Other, $8,914 $535,884 • DCSD, $242,033 • City, $164,279 County, $102,041 • N ICC, $16,879 Other, $10,652 $9,717 $729,495 • DCSD, $329,478 • City, $223,632 County, $138,908 • NICC, $22,977 • Other, $14,500 Already Tech Park South DICW - Subarea Quebecor -2025 Kerper - 2032 DICW - Subarea Returned to Taxing Bodies Total Annual Return to Schools, County & City = $3,753,112 -2019 B -2019 D -2032 This is what will go to the Taxing Bodies in the first year after expiration of the Urban Renewal District. Based on current tax rate of Taxing Bodies and 1/1/11 assessed value, even though It is expected that the assessed value would increase before the district expiration. Also, there is still undeveloped property in Tech Park South, Dubuque Industrial Center West - Subarea B, Subarea C & Subarea D. If those sites were developed before expiration at the same general value of the current development, the Tech Park South would generate $1,150,458 in this fiscal year (2019); DICW - Subarea B would generate $3,015,117 (2020); DICW - Subarea C $2,055,916 (2031) & Subarea D $1,570,898 (2031). The projections are based on assessed values increasing 3% each year. 41 • • • • • Results City of Dubuque New Schools, County, City Tax $ - Full Build -Out of Retiring TIF Districts, In First Year of Expiration $3,000,000 - $2,700,000 - $2,400,000 - $2,100,000 - $1,800,000 - $1,500,000 - $1,200,000 - $900,000 - $600,000 - $300,000 - 1,102,6 Other, $21,917 NICC, $34,729 County, $209,957 City, $338,015 DCSD, $498,000 19 $2,889,738 • Other, $57,441 • NICC, $91,018 • County, $550,254 • City, $885,869 • DCSD, $1,305,157 $9,717 $535,884 $1,970,424 • Other, $39,167 • NICC, $62,062 • County, $375,202 • City, $604,047 • DCSD, $889,946 $1,505,575 • Other, $29,927 • NICC, $47,421 L County, $286,687 • City, $461,544 • DCSD, $679,996 Tech Park South - 2019 DICW - Subarea B- Quebecor -2025 2019 Kerper - 2032 DICW - Subarea C - DICW - Subarea D - 2031 2031 Total Annual Return to Schools, County, and City = $8,013,958 The projections are based on assessed valued increasing 3% each year and full build -out, with sale of all property. Results 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Square Feet of New Construction in Dubuque Industrial Center West 0- 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 43 Dubuque Employers Include: JOHN DEERE T L pia Education 1k4 Prudential NORDSTROM i - - - - - ---- - ■ - -- - - - - - - - - — • McKESSON Empowering Healthcare MEDL /NE r 44 Results $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $0 Building Permit Project Valuations 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 45 Results New Non - Residential Construction • ■ HmIllrm.i�.s I�11��• MINa•■ = imam — F YJG S W IS•7 Aoa,ls IN Ir w� 'MII /I •�1/1M n•.�r•r.le as/1illt_ • 1990 -1998: Averaged 350,000 sq. ft. per year • 1999 -2011: Averaged 795,979 sq. ft. per year •2012: 318,564 sq. ft. 10.7 million sq. ft. total in the last 14 years! 46 Results Downtown Revitalization DUBUQUE MAIN STREET Improvement 1985 through December 2011 % since 2000 New Construction $220 million 91% Building Rehabilitation $200 million 83% Real Estate Sales $131 million 65% Public Improvements $83 million 91% Facade Renovation $12 million 75% Net New Jobs +4,047 68% Total Improvements: $536 million 191 new downtown housing units in the last 2 years 47 Results Travel - Related Expenditures Dubuque County $310 $290 $270 N Ei 7 2 $250 4) G X W $230 - c g $210 0 5 $190 $170 $150 $166,840,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2002 = $166,800,000 2011 = $302,430,000 81% increase in 9 years Increased from 1.2 million tourists in 2002 to 7.8 million tourists in 2011. 48 Results Tourism - Related Employment Dubuque County 2.85 2.80 2.75 ■ E L Q r a 2.70 o' 0 a E L. 2.65 a E 0 if r 2.60 2.55 2.50 • I 2002 2003 I 2004 I 2005 2006 I 2007 I I 2008 2009 2010 2011 49 Results Sanitary Sewer Interceptor Extensions 6,709 Acres for Development 50 Results Annexation Dubuque has grown from 15,832 acres in 1993 to 20,945 acres in 2012, a 32% increase in 19 years. Results Public Works Department's Truck and Heavy Equipment Fleets' Average Ages in Years 16 14 12 10 8 6 4 2 0 7 7 1 OM FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 u Truck Fleet (6 years to 4 years) P Heavy Equipment Fleet (15 years to 8 years) Fiscal Benchmarks Water & Resource Recovery Center Construction Impact on Rates (Percent of Increase) • FY12 12% • FY13 13% • FY14 14% • FY15 2% • FY16 0% Fiscal Benchmarks Updated in February 2013 to reflect FY2014 Rates Cost of City Services Since 1994, the average homeowner has had an average annual increase of just $34.78 for City services, including property taxes, sanitary sewer, water, refuse, and stormwater fees. Assistance to Low- Income Residents & Not - for - Profits Refuse & Stormwater Fee 50% Discounts ELIGIBILITY • Age & Annual Income: Head of the household is 65 years of age or older, and annual gross household income is $22,650 or less for a one - person household or $25,850 or less for a two person household. • Family Size & Annual Income: Family households of 5 or more people that meet current Section VIII Housing guidelines. • Extreme Financial Hardship: Under the discretion of the City Manager or designee. 57 I 1 $225,077 A Additional Stormwater Fee Subsidies 50 % subsidy for tax - exempt /non- profit properties FY2013 FY2012 j¥2O1 I FY2010 FY2009 FY2008 FY2007 FY2006 8-Year Total $258,748 $239,291 $218,454 $160,713 $158,46 $109,807 $68,924 $55,143 $1,269,547 75% subsidy for agricultural land Annual Total $8,124 $7,562 $6,623 $266,872 $246,853 $5,046 $165,759 $2,597 $161,064 $1,780 $111,587 MI=1' $68,924 NA $55,143 $31,732 $1,301,279 D8 Keys to Financial Success Keys to our Financial Success • a continued growth in taxable property valuation (2.61 % in Fiscal Year 2013); • efficient operation with a 4.7% (27 full -time equivalent) reduction in the City's workforce since the 1980s; • increased use of grants, mostly federal ($163 million in the last four years); • diversified revenue streams including local option sales tax, utility franchise fee, cable franchise fee, stormwater utility fee, gaming, land leases, etc.; • reduction in debt supported by the property tax debt service levy, now only 0.53% of debt; • increased public/private partnerships; • entrepreneurial City Council policy decisions; • planning, partnerships and people (leadership and execution); and • caring citizens, significant business investments, committed elected officials, hard - working not - for - profits, and talented city employees. 60 Keys to Financial Success: City of Dubuque Full -Time Employee Complement • 1981 = 588 • 1993 = 510 • 2014 = 561 27 fewer employee a 4.7% reduction Since 1981, the City has added 29 police officers, 7 engineering staff, and 5 emergency communications staff. 61 Keys to Financial Success: Fiscal Benchmarks $20 $18 Ts $16 N $14 tn $12 °o $10 0 r $8 L a) Q m $6 es ct x $4 as I- $2 $0 $10.86$11.03 Property Tax Rates $12.60 $15.22 $15.87 $16.51 $16.78 $17.27 $17.51 $17.85 $18.21 - - - ■ ■ Ames Dubuque West Des Cedar Average Sioux City Davenport Iowa City Moines Rapids w/o Dubuque Des Council Waterloo Moines Bluffs 62 Keys to Financial Success: Fiscal Benchmarks Tax Rate Comparisons Dubuque is the SECOND LOWEST of the ten cities in the State of Iowa with a population over 50,000, assuming none of the cities change their property tax rates . The highest - ranked city (Waterloo- $18.21) is 65% higher than Dubuque's rate, and the average ($15.87) is 44% higher than Dubuque. 63 CITY OF DUBUQUE COSTS OF MUNICIPAL SERVICES INCREASE FOR AVERAGE HOME'S CITY UTILITY AND PROPERTY TAX EXPENSE FY 1989 -2018 FISCAL YEAR FY 1989 FY 1990 FY 1991 FY 1992 FY 1993 FY 1994 FY 1995 FY 1996 FY 1997 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 PROJECTION FY 2015 FY 2016 FY 2017 FY 2018 WATER 3.00% 3.00% 2.00% 3.00% 0.00% 0.00% 3.00% 4.00% 1.00% 3.00% 00 2.00% 4.68% 3.00% 4.00% 4.00% 5.00% 9.00% 3.00% 4.00% 5.00% 15.00% 9.00% 4.00% 4.00% 5.00% 4.00% SEWER 0.00% 3.00% 2.00% 3.00% REFUSE 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.00% 1.00% 3.00% 4.00% 5.50% 9.00% 5.00% 9.00% 5.00% 11.00% 15.00% 15.00% 17.00% 5.00% 4.00% 4.00% 5.00% MONTHLY % INCR/ RATE (DECR) $4.00 6.67% $4.50 $6.00 $7.00 $9.00 $9.00 $8.50 $7.50 $7.25 $7.00 $7.00 $7.00 $7.44 $7.50 $7.20 $7.60 $8.51 $8.70 $9.46 $9.89 $10.35 $10.60 $11.09 $10.72 $11.69 $12.74 $12.84 $12.94 $13.04 $13.14 12.50% 33.33% 16.67% 28.57% 0.00% -5.56% - 11.76% -3.33% -3.45% 0.00% 0.00% 6.29% 0.81% -4.00% 5.56% 11.97% 2.23% 8.74% 4.55% 4.65% 2.42% 4.62% -3.34% 9.05% 8.98% 0.78% 0.78% 0.77% 1.55% STORM WATER RESIDENTIAL CHANGE PROPERTY PASSED BY FEE % INCR TAX CITY COUNCIL MONTHLY 1.29 1.29 1.79 2.25 3.25 4.00 4.00 5.25 5.60 5.60 5.60 6.77 6.77 6.77 6.77 0.00% 38.76% 25.70% 44.44% 23.08% 0.00% 31.25% 6.67% 0.00% 0.00% 20.89% 0.00% 0.00% 0.00% - 11.40% -0.89% 3.77% 3.58% 5.19% 0.30% 2.43% -0.87% -0.42% -0.71% 0.00% -0.17% 0.00% 0.00% -5.00% 1.54% 0.40% 1.90% * 1.52 2.72% * 5.41% 2.40% 5.65% 8.19% 6.82% 4.90% 8.10% 6.00% 4.60% 5.78% xx xx xx xx xx - 11.40% -0.89% 3.77% 3.58% 5.19% 0.30% 2.43% -0.87% -0.42% -0.71% 0.00% -0.17% 0.00% 0.00% -5.00% 0.00% -1.48% 0.00% -3.73% 0.00% 2.76% 0.00% 2.47% 4.88% 5.00% 7 7 7 7 CHANGE IN ANNUAL COST OF MUNICIPAL SERVICES $1.51 $6.41 ($12.69) ($5.19) ($6.66) $5.30 $0.51 $9.46 $6.51 ($22.14) $37.64 $24.76 $34.98 $29.24 $48.81 $76.40 $32.68 $85.20 $89.44 $130.65 $124.24 $102.67 $74.63 $70.19 $121.46 AVERAGE ANNUAL PERCENT CHANGE 3.454 L4.29% THROUGH FY 2014 5.24% 16.99% 1.32% 0.23% NOTES REGARDING PROJECTIONS: 1. The projections do not include any anticipated tax burden shifts as a result of state issued equalization orders or rollback factors. 2. The projections for the cost of municipal services are based on average water usage of 5,984 gallons per month and an assessed value on the home in FY 2013 of $130,367 (before rollback). * State increased property taxes to the average homeowner by underfunding the Homestead property tax credit. "" FY 2014 - 2018 residential property tax projections assume Homestead property tax credit funded 100 %, which hasn't happened since FY 2003. $33.19 64 Keys to Financial Success: Fiscal Benchmarks Dubuque's Rankings among Iowa's 10 Largest Cities ISSUE RANK Property Tax Rate per Capita LOWEST Water Rate 2 "d LOWEST City Property Tax Rate 2 "d LOWEST Refuse Collection Rate 4th LOWEST Sanitary Sewer Rate 6'h LOWEST Stormwater Rate 2 "d HIGHEST Keys to Financial Success: Fiscal Benchmarks Savings to Average Homeowners Current Annual If Equal to the Highest Dubuque Cost Large Iowa City Property Tax $706 $1,166( +$460) Water Fee $278 $364 ( +$86) Sanitary Sewer $384 $455 ( +$71) Fee Stormwater Fee $67 $110 ( +$43) Refuse Fee $153 $270 ( +$117) Total Annual Cost $1,588 $2,365 ( +$777) these savinas nut almost $15 million bac into the local economy annually. 66 Keys to Financial Success: Review of Fiscal Years 1989 -2018 • 6 years of no increase in water fee • 10 years of no increase in sewer fee • 6 years of decreases and 3 years of no increase to refuse collection fee • 9 years of decreases and 6 years of no increase to property tax cost to average homeowner $34.78 average annual increase to average homeowner from 1994 -2013 FY2014 Costs to Citizens FY2014 Costs to Citizens Concerns Expressed About the FY2014 Tax & Fee Increases 2.24% increase in City portion of Property Tax Rate $2.75 per month for average Dubuque homeowner FY2014 Costs to Citizens Average Fee Increases • $1.91 per month for water • $4.65 per month for sanitary sewer • $1.05 per month for refuse collection • No increase for stormwater Combined average increase in these utilities will be $7.61 per month Historical Context '983 THE DUBUQUE CONNECTION reeneerro DUBUQUE NIGHT March 23, 1983 DUBUQUE NEEDS JOBS - City Suffers Highest Unemployment Rate In Iowa Edam,. aradth depends nn laid, lelur. capital . an - YeN_+latim of transpctution`ta tramp/nation the aof the e®pwtar thigh are m served by W Seetetate N9 aW system. �.a OiBIgUE 79 TIM NS69t es9B.9eauo[NG moo Mon IN Trte COUNTRY NOT NOW SEMI OR ilainteD TO SI PERKO A HARD TIME M THE OLD TOWN [WUgue'e plight is becoming desperate. It wety during the recent esutan, and Me for N M9nest weglewent rate of Ite&t iWn s. Si onfortimate fact Is no surprise . K tbg¢r nec Muetry and retail business cmeist nely Is. the pnt Ye Cnpay, tM city'. a t Tst.]. employer with 615 room., Ft plaque in 977, le [[ citing the Lek of tram.- ehe principal Saud. of its cove, et .a. as 1078. noting �h better Suess w it electric p[�ce eykets in s bustle: John LMUatrial aevpOnt otetaianbuilds Ste new plane N adjacent noelrq easier Ntpunt tatga equipment than possible -in Pcqus b m tow yt...to es Dubuque tare, la r lW people, and note. declining recall markets in Dubai.. over Dubuque's plight is becoming desperate. It suffered more severely during the recent recession, and has for the past three years had the highest unemployment rate of Iowa's SMSA's (largest cities). That unfortunate fact is no surprise to Dubuquers. It has been losing both industry and retail business consistently for the past decade...Dubuque is losing its people. Recent estimates show 10% of the housing stock vacant or available for sale." The Dubuque Connection, 1983 Chamber of Commerce Publication 23% unemployment in January 1982 71 Retooling Infrastructure as a Strategy to Advance an Older, Industrial City's Future Vision • Managing physical infrastructure and distribution systems to a declining population base • What is left behind in many of the cities is a shadow of the past. • Abundant vacant and abandoned properties are eyesores and pose dangers for nearby residents, but are also an economic drain on the city and community. • Additionally, the drop in tax revenue through decreased property value and population loss has exacerbated the situation. 72 FR-11I Gary, IN South Bend, IN Flint, MI Detroit, M Akron, OH Cincinatti, OH Cleveland, OH Dayton, OH Toledo, OH 1970 Population 2010 Population 175,415 80,294 125,580 75,065 193,317 102,434 1,511,482 713,777 275,425 199,110 452,524 296,943 750,903 396,815 243,601 141,527 383,818 287,208 Youngstown, OH 139,788 66,982 % Change F-54.2% -40.2% -47.0% -52.8% -27.8% 4 -34.4% -47.2% -41.9% -25.2% 1 -52.1%