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 THE FISCAL HEALTH OF THE U NIFIED G OVERNMENT

FUNDING NEEDS  Streets – $200 million  Parks – $65 million  Facilities – $90 million Neighborhood Renewal and Fiscal Stewardship

2018 Debt UG CITY 17 mills - 45% MILL RATE UG Operations 37 MILLS 21 mills - 55%

25 FIRST CLASS CITIES IN KANSAS 1996 – HIGHEST MILL RATE 2018 – 13 th

2019 Legends / $36.2 million Village West Total Tax Revenue $12.0M 2003 $24.2M $213,000 $5,000 $208,000 Sales Tax Property Tax

Property Tax Revenue Expected as IRB’s Expire* $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Property Tax Revenue *net of PILOT payments

WYCO HOUSEHOLD INCOMES RISING Household Income WYCO Income Ranking 105 Kansas Counties $47,000 35 $46,000 30 $45,000 25 $44,000 20 $43,000 15 $42,000 10 $41,000 5 $40,000 $39,000 0 2015 2016 2017 2015 2016 2017

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COMMUNITY RETURNING TO GROWTH Neighborhood Renewal and Fiscal Stewardship

INCREASING COMMUNITY VALUE RESIDENTIAL % CHANGE 2018-2019 INCREASING COMMUNITY VALUES RESIDENTIAL 2018-2019

VACANT STRUCTURES AND LOTS LOTS DECREASE VALUE OF PROPERTIES WITHIN 500FT 6.5% 26

ADDRESSING BLIGHT REDUCES VIOLENT CRIME reduction in gun violence around 39% remediated abandoned buildings 5% reduction …around remediated lots  American Journal of Public Health (AJPH) Dec 2016 – Philadelphia study Neighborhood Renewal and Fiscal Stewardship

WATERWAY PARK INFILL HOUSING New Homes since 2004 77 New residents 209 Appraised Value Increase $11.7 Million Neighborhood Renewal and Fiscal Stewardship

FILL REMAINING VACANT LOTS AROUND WATERWAY PARK Population Increase Available lots 61 166 BPU Pilot Increase Sales Tax Increase $15,000 $53,000 Vacant Lots near Waterway Park Annual Tax Revenue Increase Landbank owned (58) Other owner (46) $130,000 Waterway Park 500 ft buffer around the park Neighborhood Renewal and Fiscal Stewardship

Complete Remodels Since 2015 359 321 Cost to Build New Home $135 218 182 Per Square Foot 2015 2016 2017 2018 0 9

T HE MISSION OF THE U NIFIED G OVERNMENT IS TO IMPROVE THE QUALITY OF LIFE OF CITIZENS

T HE MISSION OF THE U NIFIED G OVERNMENT IS TO IMPROVE THE QUALITY OF LIFE OF CITIZENS

Q UALITY OF L IFE E NHANCEMENTS WILL I MPROVE OUR N EIGHBORHOODS AND YIELD A F ISCALLY S TRONG & S USTAINABLE F UTURE