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BUILDING A GREAT CITY
FROM OUR NEIGHBORHOODS UP
Honorable David Alvey Mayor and CEO May 14, 2019
Streets $200 million Parks $65 million Facilities $90 million - - PowerPoint PPT Presentation
Streets $200 million Parks $65 million Facilities $90 million - - PowerPoint PPT Presentation
B UILDING A GREAT C ITY FROM OUR NEIGHBORHOODS UP Honorable David Alvey Mayor and CEO May 14, 2019 B Y FOCUSING OUR RESOURCES ON IMPROVING THE QUALITY OF LIFE OF RESIDENTS , WE WILL IMPROVE PROPERTY VALUES REVENUE EXPENSES AND HELP SECURE
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REVENUE
BY FOCUSING OUR
RESOURCES ON IMPROVING THE QUALITY OF LIFE OF RESIDENTS, WE WILL IMPROVE PROPERTY VALUES
AND HELP SECURE THE
FISCAL HEALTH OF THE
UNIFIED GOVERNMENT
EXPENSES
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Neighborhood Renewal and Fiscal Stewardship
FUNDING NEEDS
Streets – $200 million Parks – $65 million Facilities – $90 million
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UG Operations 21 mills - 55% Debt 17 mills - 45%
2018 UG CITY MILL RATE 37 MILLS
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25 FIRST CLASS CITIES IN KANSAS
1996 – HIGHEST MILL RATE 2018 – 13th
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$5,000 $208,000
2003 $213,000
$12.0M $24.2M
2019 $36.2 million
Sales Tax Property Tax
Legends / Village West Total Tax Revenue
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$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Property Tax Revenue Expected as IRB’s Expire*
Property Tax Revenue
*net of PILOT payments
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$39,000 $40,000 $41,000 $42,000 $43,000 $44,000 $45,000 $46,000 $47,000
Household Income
2015 2016 2017 5 10 15 20 25 30 35
WYCO Income Ranking 105 Kansas Counties
2015 2016 2017
WYCO HOUSEHOLD INCOMES RISING
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Neighborhood Renewal and Fiscal Stewardship
COMMUNITY RETURNING TO GROWTH
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INCREASING COMMUNITY VALUE RESIDENTIAL % CHANGE 2018-2019
INCREASING COMMUNITY VALUES RESIDENTIAL 2018-2019
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VACANT STRUCTURES AND LOTS
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LOTS DECREASE VALUE OF PROPERTIES WITHIN 500FT
6.5%
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Neighborhood Renewal and Fiscal Stewardship
ADDRESSING BLIGHT REDUCES VIOLENT CRIME reduction in gun violence around remediated abandoned buildings reduction…around remediated lots
American Journal of Public Health (AJPH) Dec 2016 – Philadelphia study
39% 5%
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Neighborhood Renewal and Fiscal Stewardship
WATERWAY PARK INFILL HOUSING
77
New Homes since 2004
209
New residents
$11.7 Million
Appraised Value Increase
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Neighborhood Renewal and Fiscal Stewardship
FILL REMAINING VACANT LOTS AROUND WATERWAY PARK
Available lots
61
Population Increase
$15,000
BPU Pilot Increase
166
Sales Tax Increase
$53,000
Annual Tax Revenue Increase
$130,000
Vacant Lots near Waterway Park
Landbank owned (58) Other owner (46) Waterway Park 500 ft buffer around the park
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Complete Remodels Since 2015
Cost to Build New Home
$135
Per Square Foot 182 218 321 359
2015 2016 2017 2018
9
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THE MISSION OF THE UNIFIED GOVERNMENT IS TO
IMPROVE THE QUALITY OF LIFE OF CITIZENS
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THE MISSION OF THE UNIFIED GOVERNMENT IS TO
IMPROVE THE QUALITY OF LIFE OF CITIZENS
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QUALITY OF LIFE ENHANCEMENTS WILL IMPROVE OUR NEIGHBORHOODS
AND YIELD A