February 25, 2015 Study Committee Meeting – Opening Remarks · February 25, 2015. Agenda. 2. 1....
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February 25, 2015 Study Committee Meeting – Opening Remarks
Transcript of February 25, 2015 Study Committee Meeting – Opening Remarks · February 25, 2015. Agenda. 2. 1....
February 25, 2015Study Committee Meeting – Opening Remarks
February 25, 2015Agenda
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1. Review of Charge, Schedule and Organizational Matters (John Milliken
2. Tonight’s Agenda (John Milliken)
3. Presentations and Q&A: Terry Clower, Deputy Director, GMU Center for Regional Analysis Massoud Ahmadi, Senior Vice President, Strategic Impact
Advisors Alex Iams, Deputy Director (Acting), Arlington Economic
Development Victor Hoskins, Director, Arlington Economic Development
4. Table Discussion with Resident Forum
5. Closing Remarks (John Milliken)
County Board and School Board Adopted Charge
Build a consensus framework regarding future revenue and facility needs that will inform County and School Board decision-making related to meeting the community's requirements for additional school, fire station, vehicle storage sites and other facility needs in the context of Arlington's and the region's projected 5, 10 and 20 year economic and demographic growth.
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Overall Schedule*
Jan2015
Feb March April May June
July August September October November
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*Schedule subject to refinement
Housekeeping Items
Study Committee: As a rule the Group will operate as a whole will split into sub-committees to discuss challenges: Financials/Economic Development Demographics/Projections Siting Principles
Resident Forum – A group intended to broaden the range of those participating and also intended to serve as the communications link to their own and neighborhoods. A number of formats, including tonight’s table discussion & Saturday workshops, are planned to engage meaningfully with this group.
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Follow the Process
• WiFi password for APS buildings:
• Knowledge
• Project website:http://bit.ly/ACGFacStudy
andwww.arlingtonva.us search “Community Facilities Study”
• Email us:[email protected]
• Check your SPAM folder: make [email protected] a safe-sender
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Meeting #2Tonight
Role of the Resident Forum • Two-way communication • Resource and sounding board
Plan for tonight – two parts • Presentations on economic issues• Questions on County economic model• Break Out table discussions
What happens after tonight? • Subcommittee on economic issues and challenges• Review of subcommittee report
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Meeting #1Recap from February 11, 2015
1. Where are the County revenue funds coming from?
2. Role of the commercial sector?
3. What the future may hold?
Note – responses to several revenue questions are provided in the handouts; Additional responses will be posted online soon.
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General Fund Revenue By Source
Federal, 3%
Misc., 9%
State, 9%
Charges for
Services, 4%
License, Permits & Fees, 1%
Local Taxes,
74%
FY 1995: $418.3 million
Federal, 1%
Misc., 5%
State, 6%
Charges for Services, 5%
License, Permits & Fees, 1%
Local Taxes, 82%
FY 2015: $1.15 billion
Federal, 4%
Misc., 8%
State, 12%
Charges for Services,
5%
License, Permits & Fees, 1%
Local Taxes,
70%
FY 1985: $205.2 million
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Local Tax Revenue by Source (General Fund)
Real Estate: Commercial, 21%
Real Estate: Apartments, 13%
Meals Tax, 4%
Utility Tax, 1%Transient Occupancy
Tax, 2%
Local Sales Tax, 4%Communication Tax, 1%
Other, 2%
BPOL, 6%
Personal Property: Vehicles, 8%
Personal Property: Bus. Tangible, 4%
Real Estate: Condominium, 9%
Real Estate: Residential, 25%
FY 2015
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Real Estate Impact on Homeowner Regionally
55%54%
56%
54%51% 51% 51%
57% 56%57%
56%55% 55%
57%
75%
73%
76% 76%
74% 74%75%
72%
68%69%
70% 70% 70% 70%
79%
75%
78% 78% 78% 78% 78%
50%
55%
60%
65%
70%
75%
80%
CY 2008 CY 2009 CY 2010 CY 2011 CY 2012 CY 2013 CY 2014
Residential assessments as a percentage of total tax base
Prince William
Loudoun County
City of Alexandria
Arlington County
Fairfax County
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Table DiscussionsQuestions for review & comment
Instructions• What future challenges do you see to Arlington’s basic economic model of reliance on the commercial sector (office, multi-family rental residential and retail) for 50 percent of its real estate taxes?
• If challenges exist, what steps or solutions should Arlington consider to address those challenges?
• What constraints or barriers exist to taking those steps or solutions?
• Discuss presentation material and questions at your table; Record responses
• Give your documentation to staff
• Staff will compile it and share it with the Financial/Economic Development Subcommittee
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Upcoming Dates
ALL ARE INVITED & ENCOURAGED TO ATTEND THE FOLLOWING MEETINGS:
• March 11, 2015 – Location TBD• Demographics & Forecasting Forum
• March 25, 2015 – Location TBD• Forecasting Assessment
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