2016 State of the City Mayor Mike Rawlings December 2016 Police - PowerPoint PPT Presentation

2016 State of the City Mayor Mike Rawlings December 2016

Police & Fire Pension: Assets Projected to Expire Between 2027 & 2030, Depending on Rate of Withdrawal $3.0B $2.5B $2.0B $1.5B $1.0B $0.5B $0.0B MVA - Current Plan MVA - Immediate DROP Withdrawals 2 Source: City Council Briefing, Dec. 2016

Police & Fire Pension: Recent “Run” on Funds Creating Near-Term Liquidity Concern Gross Liquid Assets as of 11/25/16 Under Varying DROP Scenarios $900,000,000 $800,000,000 DPFP Gross Liquid Assets $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $0 11/11/2016 12/9/2016 1/6/2017 2/3/2017 3/3/2017 3/31/2017 4/28/2017 5/26/2017 6/23/2017 7/21/2017 8/18/2017 9/15/2017 10/13/2017 11/10/2017 12/8/2017 1/5/2018 2/2/2018 Distribution @ $36M/week Distribution @ $20M/week Distribution @ $10M/week Distribution @ $36M/week w/Call Distribution @ $20M/week w/Call Distribution @ $10M/week w/Call 3 Source: City Council Briefing, Dec. 2016

Poverty: Dallas Has Highest Rate of Childhood Poverty of Any City With Population Over 1 Million % of Children in Poverty 38% DALLAS 37% PHILADELPHIA 35% HOUSTON 34% PHOENIX 33% LOS ANGELES 33% CHICAGO 31% SAN ANTONIO 30% NEW YORK CITY 20% SAN DIEGO 10% SAN JOSE 4 Source: Kids Count data

Poverty: High Teenage Pregnancy Rates Contributing to Poverty Cycle “...in certain zip codes, a teen girl Teen Birth Rate (per 1000 births) has a higher chance of giving birth 100 before age 19 than ever attending college” - North Texas Alliance to 61 Reduce Teen Pregnancy 44 41 27 US Texas Dallas Dallas NTARuPT County Zip Codes Zip codes 75203, 75212, 75215, 75216, and 75220 have teen birth rates similar to Burkina Faso, the Gambia and Somalia 5 Source: North Texas Alliance to Reduce Teen Pregnancy

Education: Quality of Public Schools #1 Concern of Dallas Voters Gun owner Traffic rights Property Tax Relief 3% 4% Access to 5% 2x Greater Healthcare Than Next 5% 31% Quality of Issue Obamacare Public School 6% Education Illegal 10% Immigration 14% 11% Something Else 12% Crime and / Undecided Drugs Jobs and the Economy 6 Source: The Eppstein Group, June 17-19, 2016

Education: Progress on Multiple Fronts “Improvement Required” Schools Early Childhood Education Since 2014 Since 2012 + 18% + 5% Dallas ISD Houston ISD -21 IR Schools -3 IR Schools 3 rd Grade Children -14,209 Students +2,000 Students Enrolled in Literacy Pre-K Rate (-47%) Students (+7%) Students Test Score Improvement Collegiate Academies 18 by Fall 2017 + 40% + >30% IR School 5 th Gr. College Ready Math & 8 th Gr. STAAR 43 Corporate Partnerships Assessments Science scores (Since 2012) (Since 2014) 7 Source: The Commit! Partnership

Education: >40 Institutions Now Partnering With DISD Collegiate Academies in 18 High Schools 8

Dallas Economy: Strong & Expected to Continue Growing Property Tax Base Values $115 (Billion $s) $110.4B FY 2017P $105 $100.3B FY 2016A $95 $90.5B $82.0B $85 2009 FY 2012A $75 $66.5B FY 2004A $65 $55 $44.3B FY 1992A $45 $35 9 Source: Federal Reserve Bank of Dallas-Beige Book July 2016

Overall City Growth: New Dallas Permits Exceeding Total Value of Addison/Rockwall Tax Base City of Dallas: Annual New Permit Valuations $5.0B $4.67B $4.5B $4.32B $4.30B $4.31B Up 105% Since 2012 $4.0B $3.5B $3.31B $3.0B $2.62B $2.5B $2.28B $2.0B FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 Addison Rockwall Total Tax Total Tax Base Base 10 Source: Single Family Housing Task Force Meeting, Nov 2016

Jobs: Strong Growth Across Sectors in City of Dallas & Broader DFW Area 2014-2015 Estimated Job Growth by Sector City of Dallas & DFW Metro Area 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% Natural Mfg. Trade, Information Fin. Prof. & Ed. & Leisure & Other Govt. Resources Trans, & Bus. Health Hosp. Svcs Utilities Svcs Svcs City of Dallas DFW Area 11 Source: City of Dallas Office of Economic Development estimates

Dallas Continues to Attract Major Corporate HQs Headquarter Relocations to DFW from 2010-2016 12 Source: Dallas Regional Chamber, 2016

Southern Dallas: Increased Investment Leading to Growth in Tax Base Southern Dallas Taxable Property Values $12.5B $11.9B $12.0B $1.6B $11.5B $11.2B $11.0B $10.6B $10.4B $10.4B $10.5B $10.0B $9.5B 2011 2012 2013 2014 2015 Taxable Property Values 77 M 25% Annually Since 2012 Real Property Values Residential Investment 13 Source: Grow South Year 5 Presentation

Southern Dallas: >100% Increase in Annual Permit Values Annual Southern Dallas New Permit Values +138% (Million $’s) Since $150M $133.8M FY13/14 $107.8M $100M $56.2M $50M $0M FY13/14 FY14/15 FY15/16 14 Source: Single Family Housing Task Force Meeting, Nov 2016

Downtown Dallas: By the Numbers 90+ 14+ Developments Hotels Under Construction Underway 10,000+ 50,000+ Residents Residents City Center Greater Downtown 7,000+ 6,400+ Residential Units Residential Units Under Construction Announced 94% 72 Occupancy Rate Restaurants Opening in 2016 15 Source: Downtown Dallas Inc.

Airports: Total Metroplex Passenger Traffic up 26%, Led by Strong Growth in DAL & DFW International Metroplex (DFW + DAL) Passenger Traffic Growth (Million passengers) 81.4M 80.0M 85M +55% 73.3M since 2010 8.5M 7.9M 68.9M 66.8M 65.8M 64.9M 70M 7.2M 6.7M 15.4M +93% 14.5M 6.1M 5.6M 5.5M 9.4M 8.5M since 2010 8.2M 8.0M 55M 8.0M 40M +12% 57.6M 57.6M 56.7M since 2010 53.7M 52.5M 52.2M 51.4M 25M 10M 2010A 2011A 2012A 2013A 2014A 2015A 2016P DFW Dom. DAL DFW Intl. 16 Source: DFW Metroplex Passenger Growth Pres.

Citizen Satisfaction: Trending Positively, Especially When Compared to Other Major Cities Change in Overall Citizen Satisfaction Citizen Perception of City (Indexed to 2009 Scores) (% positive response) 110 Overall Quality of 77% Overall quality of 107.1 68% Life in Dallas life Overall Overall appearance 70% 105 61% of Dallas appearance Overall image/ Overall image/ 73% 100 100 63% reputation of Dallas reputation 100 Overall quality of Overall quality of 63% service provided 46% service provided by Dallas 95.1 Value received for 95 Value received for 45% 35% City taxes paid City taxes paid Direction the City Direction the 49% is taking 34% City is taking 90 Dallas Large U.S. Average 0% 20% 40% 60% 80% 2009 2011 2013 2014 2016 Dallas US Cities with pop. >500,000 Source: ETC Institute (2016) 17

The Future of Dallas 18

The Future: Trinity River Project 19

The Future: Fair Park 20

The Future: High Speed Rail Note: Image of Tokyo high-speed rail, meant for illustrative purposes 21