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HomeMy WebLinkAboutCouncil Actions 04-20-87 SpMtgApril 24, 1987 The HonorabIe Mayor and City Council Roanoke, Virginia Dear Mayor Tayior and Members of Council: I am forwarding to you a copy of the comments that I made at the City Counc~l,s regular meeting on MOnday, April 20, i98~. These comments are for your information. Sincerely, W. Robert Herbert City Manager WRH/a cc: ~s. Mary F. Parker, City Clerk Mr. Wilburn C. Dibling, Jr., City Attorney Mr. Joel M. SchIanger, Finance Director 215 Church Avenue, SW Roanoke, Virginia 24011 CO~ENTS BY CITY MANAGER BUDGET April 20, ~987 Let me start off with a parable: A Captain in the Navy was on the high seas when all of a sudden a little blip shows up on the radar screen. The Admiral tells the ensign, "Tell that ship to change its course 15 degrees." The word came back on the radio, "You change your course ~5 degrees." The Admiral said, "Tell that ship that we are the United States Navy and to change its course ~5 degrees." The word came back on the radio, "You change your course 15 degrees." The Admiral himself got on the radio and said, course ~5 degrees." am a lighthouse.', "I am an Admiral in the United States Navy--change your The word came back, "You change your course 15 degrees--I It is a perfect parable for my views. I believe that Roanoke needs to chart a new course--a course that will position us for the future. The City of Roanoke is at a decision point. The challenges at present are outrunning current solutions. Decisions that we must make this year will have a significant positive or negative affect on past investments. The current challenges have many roots and, to a large extent, the City of Roanoke is a vic- tim of a series of institutional problems. There are a number of issues that individually would not cause long term concern but cumulatively are surely warning signals that should be paid attention. They are: Positioning the City budget for short-term success but long- term failure. Examples: o Inadequate capital equipment is being budgeted in the basic budget. A long-term target would be to budget approximately $2.1 million annually. Insufficient capital maintenance is being budgeted in the basic budget. o No paving is being budgeted in the basic budget. No revenue flexibility for debt serv£ce to enable bond referendum for fall of 1987. o Our population base is at the verge of a significant shift. Examples: Roanoke Vision Plan indicates that pockets of this City are shifting from middle class to economically disadvantaged. As an example, the student popula- tion in the RoanoKe City Public Schools has doubled in the percent of poverty-level students enrolled in the schools. These students come from economically disadvantaged homes (and disadvantaged parents) and qualify under federal regulations for subsidized breakfast and lunch programs. In ~980, 15.8~ of the student body was from economically deprived homes. In 1986, the percentage had increased to 33.79~. Another example is this City ~st recognize that the Student Enrollment figure was at its hi~hest durin~ the last ten years in Fiscal Year 1977-78 (17,5~7). The Student Enrollment figure projected for Fiscal Year 1987-88 is 13,600, a difference of -3,917. This drop in e~rollment represents an annual loss in State revenue of $7.8 million at today's reimburse- ment rate. The projected Student Enrollment low will occur during Fiscal Year 7989-90 (13,200). This additional drop represents an additional loss of $800,000 in State reimbursements at today's rate. I have talked with School parents and they want to be assured that the City is committed to ~ntainin~ neighborhood schools an~ the question here is not simply keeping them o~e~ but modernizing them. It becomes clear under t~i$ scenario that the very population that we would most like to retain sees their areas of interest i~ potential jeopardy. We could be structured for s~ort~term success (keeping the cost of government down) by not pro~idi~ necessary dollars for capital repairs due to inade- quate revenue growth to fund a bond issue but for lon~-term failure because of a continuing shift ~n the future financial ability of our citizens to pay. It is possible everytime we reduce, or post~ pone City capital maintenance and capital projects, we raise questions in the minds of the business and citizens. I want to ensure that we are doing enough to keep our current population and businesses here. The City of Roanoke has for good reasons reduced its real estate tax rate during the last eight years from $1.64 to its present $1.29. It has reduced its personal property taxes from $~.~0 to $3.45 and has reduced its utility tax by 50 percent. This is a tremendous message from City Council to its citizens and was made possible through a growing economy, heavy federal financial assistance, as well as continuing productivity improvements within the City government. My concern is that we should look to new solutions to deal with current pro- bler~. These issues and resulting challenges of co~ti~uin~ to provide quality services have been looming on the horizon but only because of the current econo- mic dowmturn have we bee~ forced to bring these matters forward and begin to discuss them i~ a very forthright manner. The question and the challenge that now faces this City Council and its citizens is how much local government do we want? How much l~cal government involvement is enough to keep the City moving ahead a~d to retaim amd entice new imvestment and how are we goisg to pay for it? It is my hope that we will realize that if we structure ourselves only for short-term goals (keepin~ cost of government down) we are i[moring the long term challenge of keeping the City .moving ahead. The Future Course Members of Council, there are no chocolate sundae diets. The slow but sure change in the City's population composition and the lack of a formal financial program to deal with paving, equipment replacement and important community pro- jects is surely a social and economic time bomb. Long term, we may end up with a disproportionate share of the population who are most demanding of services and least able to pay for the services. If we find a way to maintain the long term investment that is necessary to keep this City moving forward, and resultantly retain current economic investment and attract new investors with jobs and tax base, we will De able to continue to provide the wide range of ser- vices that are needed. I believe the City of Roanoke needs a new solution. In our effort to define how much government we want snd how we want to pay for it, we should address at least a four-prong program. Define the level of government and services that we want to have! Reevaluate services that we are currently providing and ask the question if they are desired or if the public is willing to do without them. If we are goisg to reduce services, I believe we should target those service cuts and clearly understand the impact. I believe that we need to increase and enhance our economic develop- ment effort. An additional staff person in economic development is necessary to make "hot calls" on those businesses who are on the verge of making investment decisions. This is being done only on a limited basis. I believe we can continue to increase revenues by new ta× investment in this City by new companies. I must redistribute the staff that we have within the City of Government and place more priority on economic development. I am prepared to do this. I believe that we need to continue our effort to increase produc- tivity and provide productivity training for the employees of the City of Roanoke. To that end, I believe that I must redistribute existing staff to add an industrial engineer who will be dedicated to productivity studies, work force analysis, and work programs and work directly with employees if an employee suggestion program is to be properly implemented. I believe we need a formal pro~ram to fund 57 lane miles a year of paving. I believe we must have a vehicle replacement program to address our $2~ million of rolling stock. The City of Roanoke (including all departments and the school board) has 776 vehicles. A police car costs $16,000 fully equipped and lasts two years. A fire truck costs $~65,000 and lasts appro×imately ~5 years and a fire ladder truck costs us in e×cess of $300,000. Dump trucks cost $30,000, refuse trucks (22 in our fleet) cost $85,000 and have a life of ap~ro×imately seven years. Leaf collection machines cost $7500. Backhoes cost $46,000, sewer rodder trucks cost $48,000 and school buses (which we have 140 school buses) cost $30,000 each. We have an obligation to deliver services to the citizens of Roanoke and the age of our fleet is at the point where a formal replacement program is a necessity. Please don't confuse what I am saying with the fact that we need to replace all of them at once. What we need is a thought- ful businesslike plan to replace an appropriate number of our vehicles on an annual basis. Finally, my concern is that we have needed for two years to do a capital improvements program. The Director of Finance told you last su~er we were not in a financial position to have a bond referendum that was necessary in the fall of 1986. Now he is predicting the inability of this City to have a bond sale for the ne×t three to five years. I am not talking about dream projects, I am taking about renovating public schools. I am talking about completing the programs on Williamson Road and beginning to address the needs on Peters Creek. I am talking about positioning ourselves, should we desire to go forward on the Roanoke River chan- neliza- ~n ?oject, as well as the need to provide for major bridge repairs and our five percent share of approximately $32 million worth of new road projects that the City will be paying for over the next six years. The challenge is that we must provide a formal program and revenue co support it. My recommendation to you is that we should focus our attention on two revenues. First, that we should look to a new revenue source; one that has not yet been tapped and implement the single largest potential source of revenue aYailable to the City, the prepared food and alcoholic beverage tax. I believe that we should redistribute or shift the burden from our taxpayers to the regional users of the City's services. Every City within the Commonwealth of Virginia of populations of 100,000, or greater, cities which are regional cities and who have a disporportionate share of elderly and low-income in comparison with the surrounding communities have all utilized the prepared food and alcoholic beverage tax. A prepared food tax is a tax on prepared food and alcoholic beverages and ranges in Virginia cities from a minimum of 2 percent up to 5 percent, with the average being 3.7 percent. City Council is correct to say that Roanoke is a regional city. I believe that City Council is correct to say that Roanoke is carrying a di~porportionate share of the regional load in terms of services to its residents and to surrounding residents. Roanoke City Council is correct in trying to reduce the impact on the cost cf providing these services from our own residents. would be correct for Roanoke to move into the area of a prepared food and alcoholic beverage tax. The 7980 U. S. Census verifies that 53% of t~e working population in Roanoke City resides outside of the City. As an indicator of Roanoke Regional strength we can look at sales figures whioh show Roanoke ranked 172rids in population nationally and 48th in per capita retail sales. That is not because households in Roanoke are so wealthy or spend so much, it is because so many people from outside Roanoke shop here. Roanoke needs to find a way to shift the burden to the regional visitors who benefit from our facilities, programs and services. Roanoke needs to find a way to continue to lessen tax burden on City residents who provide so much for al! of western Virginia. I believe that a ~ percent prepared food and alcoholic beverage tax would generate on an annualized basis $2,400,000 or $600,000 per percent and could allow the City of Roanoke to continue its real estate tax reduction 9 program and begin to shift the burden of providing services away from the real estate owners. This additional expense will not make Roanoke non-competitive for tourist travel and convention business as we are already the least expensive city for such activities in a survey of ~00 United States metropolitan areas. I realize that the hotels and restaurants may claim that they would be called upon to carry a disporpcrtionate share of the taxing burden. The hotels claimed that they would be damaged by the transient room occupancy tax. But the fact is that we have had both an increase in tax receipts and an increase in hotel rooms constructed since the tran- sient room tax was implemented. Roanoke, in fact, is a regional destination and whether it be hotels, restaurants, or public ser- vices, by the very nature and composition of the City, we will con- tinue to draw these people into the community. Every city that has been surveyed by the Director of Finance the question has been asked, "Was there any impact on the hotel and restaurant industry by virtue of the prepared food tax?" and the answer from Virginia cities has uniformly come back, "No." There was the usual opposi- tion by Restaurant industry in warnings that it would have dire con- sequences but the fact is that this tax is not paiJ by the restaurants, it is paid by the people who are eating food and drinking alcoholic beverages in their facilities. Our research shows a 4 percent prepared food tax on a prepared meal for most families would not make (and historically in other cities has not 10 made) a difference in their choice of restaurant sites. Addi- tionally, if City Council were to see fit to make a real estate tax reduction to off set some of the additional costs associated with both living in the City and paying a prepared food and alcoho- lic beverage tax, and increase the limits of tax freeze for the elderly, I believe that Council would eliminate or lessen the direct impact perhaps on the elderly or other families in a marginal condition. ~ prepared food and alcoholic tax is a fact of life in Virginia and we now pay it in every major city with the exception of the City of Roanoke. (See Chart.) This revenue source coul~ provide revenue to lessen the tax burden on real estate owners. It would provide us revenue to give confidence to those people who are mst concerned that we do intend to reinvest in our schools, ix our flood control measures, and, more importantly, in the ability to continue to provide services through purchase of capital equipment and paving programs. Yes, it could not all be done in one year but the pre- pared food an~ alcoholic beverage tax I believe 'would grow at a rate as strong if not stronger than other taxes and woul~ allow us a reliable source of revenue that would be paid by something in e×cess of 50 percent of people who live outside the immediate City of Roanoke. The second tax I recommend you consider is a cigarette tax increase. Roanoke has the lowest cigarette tax of those who utilize this tax in the State. I recommend to you a 3 cent increase in this tax to help fund the recommended supplemental budget. 11 My request to you, City Council, is to allow me to bring this program forward, to make my case in terms of the challenges that this City is facing and to offer this as a solution. Today, I have raised serious questions that we as a com- munity must openly discuss and debate. The issues are of importance and they deserve time to be considered, along with the proposed funding solution. I believe we are at a crossroads that as one council member has said, we can either oversee the decline of this City, or we can see its continuing growth and prosperity. I believe that Roanoke is positioned to move forward. You know the signs that have led us to this crossroads, the loss of federal monies, the inability to annex, the shifts in income of our population base, and the flat~ tening in local tax revenue. What we truly must understand is the need for both ion? and short-term solutions. If we fail to act, our citizens will see this first-hand in the quality of service in Roanoke. We need new solutions to a new set of problems. These are tough issues and this is a matter of hard choices. You can approve a basic budget that is indeed balanced with no ~ew sources of income, but it will not position us for the future. Or you can look to a new source of revenue that will allow us to plan not only for the next year but for the years ~o come. A new source of revenue would shift the tax burden to those people from outside the City limits who benefit from our facilities, programs and resources. This message is a reeom~mendation for the future. If we want to insure our abi- lity to grow and thrive, we have to look to new solutions. M~ challenge is to position the City of Roanoke for long-term, as well as short-term success, by providin~ the quality of life and continuing quality of services that our citi- zens demand and expect. 12 Thank you for this opportunity to address you on these vitai concerns. I pledge to you my full cooperation as we move through our upcoming budget deliberations. -30- c,~ o~ ~^No~, v^. April 20, 1987 TO: FROM: SUBJECT: Honorable Mayor and Members of City Council Joel M. Schlanger Estimated Revenue Presentation for Fiscal Year 1988 I stated last summer that there were inadequate funds available to finance the City Manager's capital program, and since then I have periodically reported to you the sluggish economic conditions of our City finances. I felt this would be the best time to recap what has been said and what effect it will have on us in the future. As the United States struggles to maintain its economic leadership role in the world, the City of Roanoke is also struggling -- we are at a crossroad -- do we continue to go forward, to build, to renew, to be the leader in this Valley, or do we slide into stagnation and watch our physical assets begin to decay. We are fortunate that we are a young city in relationship to the New York's, Cleveland's, and Boston's. Our problems are not as many, but the relative solutions are just as difficult. Across this country more than 8,000 miles of the interstate highway system and 13% of its bridges are now beyond their designed service life and must be replaced. It will cost $42 billion to replace or repair the more than 200,000 deficient bridges, two out of every five, in the nation. To meet existing water pollution control standards, more than $31 billion in sewer systems and waste water treatment plants has to be spent, and 756 urban areas with populations over 50,000 will have to spend up to $110 billion just to maintain their present water systems. The lack of annual maintenance has inflicted severe damage on the roads, bridges, and mass transit systems that form the lifeline of this nation's business. Bad roads and bridges will keep some 25% of America's communities out of the growth business, just when growth is so vitally needed. The City of Roanoke is no different than most cities our size across this great nation. Financial fiscal stress is facing all cities. But our solutions to this stress will determine the future of our City. Not just one change has series of drastic changes. Roanoke had positioned itself news is -- not for all unforeseeable. Let us take some time to caused this fiscal stress, but a The good news is that the City of for some of the changes, and the bad of them, since some were just look at this chain of events. Federal Government Changes I cormnend the Federal government on its long overdue effort to bring forward a balanced budget and eliminate deficits so large it is difficult to comprehend. This City has always prided itself on balanced budgets, fair and balanced taxing authority, and a high level of quality services to the 100,000+ owners of this corporation. 2 So now the Federal did from its very start, towards a balanced budget Although approximately area to be its government realizes what this great City and in order to set forth their program -- have unbalanced ours. grants to cities and states only represent 14% of the federal budget, they have chosen this biggest target for budget reductions. Revenue Sharing Beginning in fiscal year 1973 and coming to a quick end in the federal fiscal year ending September 30, 1986, this city has enjoyed the use of over $37 million. The $2.6 million of annual revenue sharing was equivalent to 13¢ on our real estate tax rate, or approximately 25% of our annual total collections from personal property taxes. Community Development Block Grant Entitlements Better known to us as CDBG, the lifeboard of our neighborhoods and economic development programs has been reduced from $2.6 million in fiscal 1978 to an estimated $1.5 million in fiscal 1988. ~ile our demands have increased we have had to face a 42% reduction in annual entitlements. (See Exhibit I) Urban Development Action Grants Better known to us as UDAG, has all but been eliminated to the City of Roanoke -- used as a vital tool for economic development -- these funds have been used as matching money to build parking garages in downtown, utilized for site preparation 3 in support of Cooper Industries and as an equipment loan to Coca-Cola for expansion of their bottling plant, a total of $10.6 million. (See Exhibit II) In addition to these three major cuts in Federal support, we are also feeling the effects in the area of social services, income maintenance and health programs, including food stamps, child nutrition, medicaid, and Aid-to-Families with Dependent Children. And you saw the fiscal distress shown by the Fifth District Consortium program in a report before City Council on April 13 as a result of the Federal government cutting over $7 billion in programs for education, training and employment, such as the Comprehensive Employment and Training Act. These types of cuts also effect many of the approximately 30 agencies that we partially fund through the City Council's appointed Citizen's Services Committee. And now the President wants to repeal the long-standing and just renewed exemption for state and local government vehicles from the federal highway gas and excise taxes, and if passed, will cost the City of Roanoke another $60,000 annually. Because we are an urban city, our dependence on federal program funds has been high. In a report published by the Auditor of Public Accounts based on FY1985 data, it revealed that out of the 41 cities in Virginia, the City of Roanoke ranked number 5 in local dependency on Federal funds -- the highest ranking for a City with a population over 100,000. While our sister locality of Salem ranked 39 out of 41, even more interesting was that out of the 95 counties, the County of Roanoke ranked number 95. (See Exhibits III and IV) ~at does this show? It shows that this City has always had a big heart --:a provider of many services to its citizens such as our disadvantaged, our poor, our elderly. Now you can see why the reduction of federal funds means so much to so many in this City. If the overall state of the economy was looking upward, some of the induced federal problems could be overcome, but we are facing our third year of a sluggish economy and all the experts predict the next two years will be the same. The only good thing that might happen is inflation is estimated to increase 4 - 4~% over the next year -- good for our local tax structure, but not good for our citizens. We have reached a point in the economic cycle where the consumer is "bought out". Since interest rates have fallen, more and more citizens have been able to purchase new homes, new cars, and other big ticket items. That results in a large decrease in their disposable income and our businesses have felt that -- and that relates to less sales tax and less business and occupational license fees. Most economists recognize the importance of both mortgage debt and consumer installment credit in assessing the outlook for future consumption. It was recently published in "Business Week" that the ratio of outstanding installment credit plus mortgage debt in relationship to disposable income stood at 58% in 1975, and now it stands at 75%. Perhaps even more important is that previous peaks in consumer borrowing almost always coincided with sharply rising 5 interest rates. You have seen the proof of that in the upward movement of interest rates during the past three weeks. Another.extremely important issue that remains a problem for the City of Roanoke is the mobility of our citizens. As more and more families could afford new homes as interest rates dropped, more and more of these families left our city. There is virtually little new construction construction is occurring a vicious circle as the home filled with a family that can requires more city related substantiated by the fact that within our closed boundaries, but new in our neighboring jurisdictions. It is that family only afford services. since 1980 leaves is most likely that older home which This statement is there has been dramatic shifts of the numbers of the student body coming from economically deprived homes. This figure has almost doubled. And last but not least, last year the Federal government enacted what has been characterized as the most comprehensive revisions to the federal income tax system since its creation. Included in the so-called Tax Reform Act were dramatic changes affecting the way local governments finance public improvements. The new law limits our ability to issue tax exempt debt, complicates the tax-exempt borrowing process, and affects the markets for a governmental entity's debt issuance. Local governments traditionally have raised tax-exempt money and earned money investing it before spending the money on the approved projects. The interest earnings were then used to either borrow less or produce additional revenue for projects. 6 field have said we may be better off The City of Roanoke has used "arbitrage" as it is called to its finest and within past existing laws, we have completed many other projects with over $3 million in interest money for economic development. That gun has now also been removed from our financial arsenal. Some experts in the year. The category of General Property taxes (which includes real estate) has increased only 1.42% over last year and the category of Other Local Taxes (which includes sales tax, business and occupational license fees, utility tax, etc.) has only increased using foreign markets to finance our projects, a sad epitah to our American way -- and because the new law will drastically reduce our ability to undertake tax-exempt financing to benefit non-governmental entities, Standard & Poor's, our bond rating firm, has stated they will closely scrutinize municipalities ability to encourage economic development and expansion. We will face the challenge to creatively continue economic development programs -- not just to maintain previous gains but also to expand in an ever-increasing competitive environment. A long story, but one I felt had to be told as we begin a very challenging budget year. One of the strongest influences on the FY1988 budget is what is happening to us in FY1987. We have completed 9 1/2 months of this fiscal year and our local tax structure has limped along. For the nine months ending March 31, 1987, we have collected only .68% more than we had for the same period of time last fiscal .44% due to the poor performance of the sales tax and business and occupational license fees. The biggest decrease, of course, is Grants-in-Aid Federal Government which reflects the two quarters' loss of revenue sharing funds. (See Exhibit V) We have received this month's payment of state sales tax which reveals a very disappointing month of an increase of only 3.64% over the previous same month of last year resulting in a total nine months collection of only 1.33% over last year. This emphasizes even stronger our estimate of a $500,000 shortfall in revenue in this category alone. (See Exhibit VI) Although business and occupational license revenues have shown unusual collection patterns, the end result is the fact that for the year we have collected only 2.12% more than last year, further strengthening our position of a $700,000 shortfall of General Fund revenue in this category. (See Exhibit VII) For those who do not know, the budget process began last November. As for the revenue side, I prepare a preliminary revenue figure for the City Manager in mid-January to be used as guidance for the development of departmental budgets and the School administration's budget. A second revenue estimate was prepared on March 19 and a third will be prepared just prior to City Council passage of a balanced budget in mid-May. This is done to ensure we have the latest and most complete data available. Already due to the sluggish economy, I had to revise the second estimate downward by $600,000 because of the performance of our sales tax and business and occupational license fees actually collected. The budget presented to you today shows estimated General Fund revenue ~f $123.7 million, an increase of 4.86% over the original adopted FY87 budget. However, if you take out the increases in dedicated revenues for the E-911 telephone tax, new school revenues, reimbursement for constitutional offices which are up significantly due to the opening of the new jail pod, and increased social service funds (which we do not receive unless it is spent), our General Fund is up 2.42%. Taking out the increase of real estate tax income at the recommended $1.27 tax rate, this would mean that all other sources of revenue to the General Fund is up only 1/2 of 1%. (See Exhibit VIII) Let us take a moment to look at our tax rate. We have just received the State Department of Taxation's sales ratio study. This study reviews all cities' and counties' assessment process, and develops a ratio of "how close" that community is to assessing property to 100%. The City of Roanoke's sales ratio was 87.4%. When you compare that to our tax rate it produces what is called the true tax rate and our was 94.1%, Also is $1.10. In comparison, Roanoke County's ratio producing a true tax rate of $1.08 -- 2¢ difference. listed for your information is the true rate for personal property taxes revealing that our true rate is 23C per $100 less than the County of Roanoke and only lc more than the City of Salem. 9 Personal Property Rate Ratio Method True Rat~ Roanoke City $3.45 69.76% Red Book $2.41 Roanoke County $3.50 75.12% NADA $2.63 City of Salem $3.20 75.12% NADA $2.40 The details of specific revenue categories are outlined to you on pages XV - XXIII in your recommended budget. I am sure we will be discussing these in detail during budget study. Before I close, I must say that after 22 years in government service, there is no finer governmental structure than City government where democracy shows its finest face -- the citizens of this community can determine through their elected officials the quality of life they wish to enjoy by the level of services they demand and the level of income they will provide to pay for those services. I will be information you you will be to be made steer. most happy to provide Council with any detailed require throughout this entire budget process so able to make the very tough decisions that will have to set the course of the City ship you wish us to JMS:dp 10 Exhibit I FY 1977-78 FY 1978-79 FY 1979-80 FY 1980-8! FY 1981-82 FY 1982-83 FY 1983-84 FY 1984-85 FY 1985-86 FY 1986-87 FY 1987-88 (est) CDBG ENTITLEMENTS $2,629 000 $2,308 000 $2,581 000 $2,443 000 $2,018 000 $1,999,000 $1.792,000 $1.816,000 $1.547,000 $1,545,000 (maybe $1,356,000) The current Congress is considering proposals to maintain CDBG appropriations at $3 Billion nationwide. This would probably mean a stable entitlement for Roanoke for the next two or three years. However other factors enter in to how much money we receive: 1) The number of entitlement jurisdictions is increasing, making the allocation divided among a larger number of users 2) Congress and the President continue to "consolidate" programs, making additional activities eligible for CDBG funding and eliminating the funding source which originally funded those activities, 3) there has been a move recently to revise the formula for allocating entitlement funds, making "more deserving" cities get a larger share. It is unknown how this will affect Roanoke. At present we receive an average amount of funds per capita (some cities receive more per person, some cities receive less per person) Exhibit II The City of Roanoke has received three UDAGs (Urban Development Action Grants) Downtown ~ conjunction with private downtown) 1980 (two parking garages in investment and improvements UDAG $ 4,211,700 Private money $23,701,224 Other federal money $ 618,i62 State/Local $ 299,999 Jobs created 527 Centr~ for Industry UDAG 1982 (site preparation work in support of Cooper Industries - Gardner Denver) UDAO $ 2,412,684 Private money $13,795,000 Other federal money $ 360,000 State/Local $ 156,464 Jobs created 570 Coca-Cola UDAO 1983 (loan to Coca-Cola for expansion of bottling plant) UDAG Private money Other federal money State/Local $ 4,000.000 $!1,957,840 $ 4,618,701 $ 297,140 JoDs created 86 SUMMARY UDAGs Private money Other federal money State/Local $10,625,684 $49,454,064 $ 5,596,863 $ 753,603 Jobs Created 1,183 Exhibit III Exhibit IV Exhibit V SAI,ES TAX REVENUE ( LOCAL OPTION) bit v: CI'IT OP ROANOKB 0~ 0.~5 CITY OF flOANOKE, VlflSINiA It SALES TAX HISTOPY flECAP FYIP34-1P67 NONTH t PPOJECTEP ~ TOT FYIS84 FY1383 FYI386 FYI967 FY1987 YTP COLLECTION6 ~ VARIANCE BUDGET JUL P48,003.ig 750,315.06 783,047.93 874,036.83 874,056.89 814,903.74 7.26t 7.873 AU6 720,631.73 768,187.73 881,PtT.3P 868,g98.67 1,743,055.$6 1,742,875.82 O.Ol~ tS.TO~ SEP 701,696.8P 776,723.84 933,283.62 862,234.37 2,625,309.93 2,711,339.12 -3.17~ 23.65~ OCT 653,556.33 786,433.35 817~488.32 823,887.89 3,449,197.82 3,396,031.72 -4.08% 31.07~ NOV 739,735.23 734,857.67 878,420.66 836,~73.22 4,305,77304 4,540,626.37 -5.17~ 36.733 DEC 757,838.0t 781,178.$7 861,094.69 925,988.13 $,231,761.t7 3,480,326.23 -4.54% 47.133 JAN 896,302.62 1,0t3,451.14 902,957.t9 764,342.51 5,P36,103.68 6,381,568.62 -8.90~ 34.02~ FEB 683,723.26 640,20536 767,550.35 361,106.35 6,357,212.63 7,400,431.89 -5.PPS 62.683 NAR 653,963.38 626,005.21 917,686.40 951,294.80 7,908,507.43 8,260,943.92 -4.27~ 71.2PS APR 630,185.54 740,tOP.OP 834,746.15 9,13g,927.34 -13.47% NAY 726,122.03 779,834.83 844,186.01 10,060,847.68 -21.3PS JUN 787,83Z.t6 870,692.80 995,300.21 11,100,00P.08 -28.75~ 71.23~ TOTALS 8,523,720.68 P,327,$94.03 10,43P,473.36 7,906,307.43 7,906,307.43 lt,tOO,OOO.O0 -8.27~ 71.23~ (TO PATE) (TO PATE) (TO OATE) Projected Colleetiofls ire based on previous three years data. CITY OF ROANOKE, VIOOINIA I! SALEO TAX HISTORY DETAIL Exhibit VI (Cont,) MONTH ,JUL AU6 8ER OCT NOV DEC ,lAN FEB NAR APR NAY `JUN FY87 MONTHLY FY87 YTD NONTHLY ~ CONULATIVE INC(OEC) INC(OEC) 874,056.89 874,0SA.Kg II.K2% Il.ill .KKR,KgB.87 1,743,055.$K -I.408 4.73% 882,254.37 2,625,309.93 -11.38% 823,887.89 3,440,197.82 0.78% 856,575.22 4,305,773.04 -2.49% 925,988.13 5,231,761.17 7.54% 0.29% 764,342.51 8,988,103.6R -15.35% R81,1OA.R$ 6,657,212.68 25.22% 1.02% g51~294.80 7,908,507.43 3.64% 1.33% 7,R08,$07,43 NONTH iJUL AU6 8ER OCT NOV DEC JAN FEB NAn MAY `JUN FY86 MONTHLY FY88 YTD M0NTHLY % CUMULATIVE iNC(REC) INC(OEC) 783,047.98 783,047.88 4.36% 4.36% 881,317.38 1,664,365.36 14.73~ 905,283.82 2,65R,648.18 28.14% 15.88% 817,488.32 3,477,137.50 3.95~ 12.83% 878,420.86 R,355,556.18 10.57% 12.37% 8RI,OR4.0! 5,216,852.25 902,957.19 6,t19,A08.44 -10.90% 767,530.35 6,887,159.7R 19.86% 917,886.40 7,805,048.19 854,740.15 8,659,788.34 15.46% 844,189.01 9,503,975.35 8.25% 12.38% 905,500.21 10,469,475.58 14.33% 12.86% 10,RRg,175.KK CITY OF ROANOKE, VIR61NIA tS SALES TAX HISTORY DETAIL FYIS84-Igs7 Pigs 2 Exhibit VI (Cont.) NONTS JUL AU6 HEP OCT NOV SEC ,JAN FEB NAR NAY ,JUN FYR5 NONT#LY FYSS YTD NONTHLY I CUNULATIVE INC(DEC) INC(DEC) 750,315.06 750,3l$.06 36.92S 36.02~ 768,167.75 1,318,502.81 6.601 ti. SS~ 776,723.84 2,295,226.65 10.691 16.49~ 786,433.35 3,081,660.00 }9.961 17.361 794,457.67 3,876,t17.67 7.401 i5.171 781,178.57 4,657,296.24 3.081 12.H5~ 1,013,451.14 3,676,747.38 13.071 12 HT~ H4O,2OS.TH 6,310,953.14 -H.SH! 10.651 626,005.2l 6,936,958.35 -4.2RS S.It~ 740,108.05 T,677,0HH.40 13.H31 9.551 779,834.83 8,456,90t.23 7.tO1 9.321 870,692.80 9,327,594.08 10.$01 9.431 R,327,594.03 #ONTfl ,JUL AU6 HEP OCT NOV DEC JAN FEB NAn APR NAY ,JSN FY84 NONTSLY FY84 YTD NONTHLY ! CUNULATIVE 1NC(DEC) tHC(SEC) 548,003.19 548,003.19 o6.3il -6.311 720,651.79 1,268,654.98 1H.25~ 5.301 701,666.60 t,gTo,35i.58 34.781 14.191 635,5RR.33 2,HZS,HIT.S1 IO.14~ 13.161 739,735.23 3,365,653.14 Ig.gH! 14.591 757,838.01 4,123,4RI.t5 20.261 15.3HS HH6,302.62 5,0lH,763.77 t2.741 15.071 683,723.26 5,703,517.03 IR.IHS 15.431 653,963.88 6,357,480.91 17.401 15.H5~ T28,122.05 7,735,788.50 22.691 16.011 787,H32.t8 8,523,720.68 22.621 IH.SH% 8,523,720.68 BUSINESS I.ICENSE REVENUE Exhibit VII CITY OF RO.~OKR 4 3.5 -0.5 J-t~L ~G DRP OCT N~ DEC J~ ~B MAR ~R MA~ MOtH [] 16~87 + FY86 C}TY OF HISTORY O~ B~GINE$$ AND OCCUPATIONAL LIGENSE 9EYENUE ~YIg$4-1g~7 NONTH I PBOdECTEB G TOT FY1684 ;YlgBB FYI986 ;YlgB7 FTIB87 YTB COLLEGIIOND ~ VARIANCE BUDGET JUL 13,743.4g 21,397.49 78,044.30 9,8B0~69 9,U6O.g9 42,940.08 -77.044 0.~51 AUG ~0,183.4U 14,338.20 46,234.99 37,B550B 47,7t6.08 BB,TBB.B2 -3~.B2~ 0.74~ SEP B,6~0.03 9,37~.42 1,782 3~ 20,073.99 67,790.07 77,660.94 ol2.?1~ h055 OCT II,456.18 14,658.52 6,920.48 13,BPt. II BI,3D! 18 gO,Ig3.?g -B.77S NOV 7,006.62 22,978.44 8,763.31 (37,172.53) 44,208.65 104,Bg2.0U -57.B54 DEC 6,592.47 48,757.3! 5,883.56 82,455.30 56,663.95 12S,t22.B2 -55.77S O.BBt dAN 2,~28,677.g0 2,tgB,OOB.22 (,94B,267.54 568,tBO.84 624,854.79 2,507,947.27 -75.06S 9.694 FEB 2,058,12D.08 2,275,384.25 2,393,651.19 3,673,074.74 4,297,B2B.53 5,060,088.6B -T5.0Dt NAB 59,437.01 92,190.10 HB,B1B.B6 405,672.92 4,703,B02.45 5,161,438.42 -8.87~ 72.B5~ APR 53,B?g.18 42,313.67 91,34t.93 5,232,B23.05 -I0.11% 72.B5~ NAY 924,B37.41 774,867.99 582,222.4B 6,098,223.93 -22.B7~ 72.954 dUN 174,683.79 301,150.22 44B,136.BO 6,44B,BOD.O0 -2?654 72.65~ TOTALD 5,45B,O21.BD 5,812,415.83 5,725,768.53 4,703,602 45 4,703,602.45 B,448,000.00 -8.87~ 72.B5~ (TO OATE) (TO GATE) 5tNCflEASE 2.38% B.49~ -f.4g~ :::::::::::::::::::::::::::::::::::::::::::::::::::::::: (TO DATE) ~ Projected Collections ire bised off previous three veers dire. CiTY OF ROANOKE, VINUINIA HISTORY OF BUUINE$S AND OCCUPATIONAL LICENSE REVENUE FYIg84-1987 Exhibit VII (Cont.) MONTH FY87 NONTHLY FYU7 YTO #ONT#LY S CUMULATIVE INC(DEC} ;NC(DEC) JUL 9,OUR.R9 U,UUO.RS -R7.3US -87.3US AU6 37,855.09 47,716.08 -18.12S -Ut.Uti OEP 20,073.98 67,790.07 102U.29S -4U.23S OCT 13,591.11 81,381.18 96.39S -38.80S NOV (37,172.$3) 44,208.65 -$24.18S -68.81S DEC 12,455.30 $6,663.95 111.70S -61.U2S JAN SUU, lRO.U4 624,854.79 -70.85S o7U.20S FEB 3,673,074.74 4,297,U29.53 53.456 -4.28S NAR 405,672.92 4~703,602.45 251.17S 3.12S APR MAY JUN 4,703,U02.45 MONTH FY86 MONTHLY FYUU TTD MONTHLY % CUMULATIVE INC(OEC) INC(OEC) JUL 78,044.30 78,044.30 264.74S 264.74S AUO 4U,234.89 124,276.29 222.4US 247.77S OEP 1,782.31 126,061.60 -80.98S OCT 6,920.48 132,g82.0R NOV 8,763.31 141,745.39 -81.8US 71.31~ DEC 3,883.56 147,623.95 -87.93S 12.26~ JAN 1,949,267.54 2,09U,896.4R -11.20S -g.87S F~9 2,393,USl.19 4,4ROr547.U3 5.20S -2.42S MAR tt~,slg.su ¢,60U,OUT.2A 25.3tS -t.SS~ APR 91,341.93 4,697,409.17 II3.87S -O.S2~ NAY 582,222.48 5,279,631.U3 -24.SUN JUN 44U,~35.90 5,725,76R.53 48.14S -I.4RS 5,72LTSR.53 CITY OF ROANOKE, VIRGINIA #ISYORY OF BUSINESS AND OCCUPATIONAL LICENSE REVENUE PYiRU4-1gU? PaRe 2 Exhibit VII (O~nt.) NONTN FYU5 NONTHLY FYA5 YTO #ONTNLY % CU#ULATIVE INC(OEC) INC(OEC) JUL 21,397.49 21,3RT.4U 55.59% AUG 14,338.20 35,735.66 4R.$0% 49.35% SEP 9,371.42 45,107.11 -2.48% 34.56% NOV 22,97U.R4 82,744.07 228.21% 59.14% UEC 48,757.31 131,501.3U 63R.59% 124.45% JAN 2,185,008.22 2,326,509.60 3.12% 6.37% FEB 2,275,384.25 4,601,893.85 IO.$U~ 8.40% NAR U2,190.10 4,694,083.95 55.11% APR 42,313.67 4,736,397.62 -2t.61% 8.66% NAY 774,867.99 5,511,265.U1 -IR.IU% 431% JUN 30f,150.22 5,812,415.83 73.40% 6.49% 5,812,415.83 NONTH FY84 NONTHLY FY84 YTD NONTHLY % CUNULKTiVE I#C(DEC) INC(DEC) JUL 13,743.49 13,743.49 -42.78% -42 78% AUG 10,183.40 23,926.89 4.02% -2U.23% SEP 9,UlO.03 33,536.92 -25.86% -28.30% OCT 11,456.18 44,993.10 17.00% -20.45% NOV 7,001.12 51,994.22 -72.P7% -3K.O5% DEC 6,592.47 58,58669 -45.82% -35.09% JAN 2,128,U77.90 2,187,264.59 -20.64% -21.23% FEB 2,058,126.08 4,245,3U0.67 38.83% -0.33% NAR 59,437.01 4,304,827.UU -T4.39% -0.55~ APfi 53,97R.18 4,358,80R.86 91.77% 0.04% NAY 924,537.41 5,283,344.27 23.46% 3.72% JUN 174,683.7R 5,458,028.0U o26.33% 2.38% 5,458,028.06 Exhibit VIII CITY OF ROANOKE, VIRGINIA ANALYSIS OF GENERAL FUND REVENUE ESTIMATES FISCAL YEAR 1987-88 Total Revenue Estimate Increase for FY87-88 Over Adopted Revenue Estimate for FY86-87 $123,701,749 117~964~797 Oven FY86-87 Total Increase in Revenue Estimates 5~736~952 4.86% Less: E-911 Telephone Tax Less: New School Revenue Constitutional Offices Social Services Flexible Revenue $1,657,290 458,738 511~688 ( 255;600) 5~481~352 (2~627~716) 2)853~636 2.42% Less Real Estate Increase @ $1.27 ( 2 ~188~387) $ G65~249 0.56% Dept. of Finance 4/6/87 D-26 Aq NUMBER - 32513193 PUBLISHER'S FEE - CITY OF ROANOKE C/C MARY F PARKER CITY CLERKS OFFICE RCOM 456 MUNICIPAL BLDG ROANCKE VA 2q, Ol I CITY STATE OF VIRGINIA CITY OF ROANOKE AFFIDAVIT OF PUBLICATION I, ITHE UNDEESIGNED! AN OFFICER OF TIMES-WORLD CORPORATION, WHICH COR- PORATION IS PUBLISHER OF THE F, OANOKE TIMES & WORLL)-NEWS, fi DAILY NEWSPAPER PUBLISHED lIN ROANOKE, IN THE STATE OF VIRGINIA, DO CERTIFY THAT THE ANNEXED NOTICE WAS PUBLISHED IN SAID NEWSPAPERS ON THE FOLLOWING DATES 03/27/87 MORNING g4/03/87 MORNING 04/10/87 MOPNING 04/17/87 MORNING WITNESS, THI~TH DAY OF APFIL 1987 OFFICER'S SIGNATURE --~ INTHE COUNCIL OF ~tE CITy OF RO~NOKE, The 13th day of April, 1987. No. 28610. VIRGINIA A RESOLUTION establishing the date of a special meeting of the Council of the City of Roanoke. BE IT RESOLVED by the Council of the City of Roanoke that a special meeting of Council be held on the 20th day of April, 1987, at 1:00 p.m. in the Council chambers of the Municipal Building, 215 Church Avenue, S. W. in said City for the purpose of receiving the City Manager's presentation of his FY87 - 88 budget message and budget and receiving the Director of Finanee's presentation of his revenue message and projections. ATTEST: City Clerk.