NOVATO ECONOMIC ADVISORY...
Transcript of NOVATO ECONOMIC ADVISORY...
NOVATOECONOMICADVISORYCOMMISSION
Consis&ng7NovatoCommunityLeaders:• 5Commissioners• 2Ex-OfficioCommissioners
TheGoalofThisPresenta&on
• RecalltheCouncil’s2007Resolu&oncrea&ngtheNovatoEconomicAdvisoryCommissionandreportontheCommission’scurrentac&vi&es.
Mission:AdvicetotheCityCouncilTheCommissionworkswiththeCityandtheCity’sEconomicDevelopmentManagerto:• Analyzecurrentandproposedeconomicac&vityinNovato• Makeinformedrecommenda&onstotheCityCounciltoassistitinitsdecisionmaking
EconomicVitalityTheCity’sStrategicPlanencourage(s)athrivingbusinessenvironmentthatincludes:• Becomingahubofeconomicac&vityandinnova&onthatfocuseson
high-payingindustries,avibrantdowntown,andahealthyeconomy
WhyEconomicVitality?Athrivingbusinesscommunityprovides:• Employment• RevenueforCityServices(SalesTax,TOT,PropertyTaxes,etc.)thatimprovethequalityoflifeinNovato
• RevenueandsupportforNon-Profits(BSA,NovatoYouthCenter,LiZleLeague,GirlScouts,etc.)thatimprovethequalityoflifeinNovato
• Shopping,entertainment,dining,andservicesthatimprovethequalityoflifeinNovato
EconomicVitalityinContextAneconomythatfitstheCityofNovato:• IsconsiderateoftheenvironmentandNovato’sOpenSpace
• Makesuseofalimitedamountofcommercialandindustriallyzonedland
• Recognizesthecostofhousingandtransporta&onissuesthatsurroundNovato
• UnderstandsNovato’sdesireforahighqualityoflife
TheCommissionTheCommissionsupportsac&vi&esbytheCitythat:• Helptoretainexis&ngandaZractnewbusinessestoNovato
• Encouragesmallbusinessgrowthanddevelopment• EncourageNovato’sci&zenstoshoplocally• Supportavibrantdowntown
CommissionAc&vi&esTheCommissionhas:• ConsideredthemeritsofmakingimprovementswithintheNorthRedwoodcorridor
• EncouragedaCitypartnershipwiththeMarinSmallBusinessDevelopmentCenter(SBDC)
• EncouragedtheSHOPLOCALNOVATOcampaign• Encouragedtheloca&onofsuitableindustrieswithinNovato
• Encouragedafriendlyrela&onshipbetweentheCityandtheBuckIns&tuteforResearchonAging
CommissionPlansPertheCouncil’s2007Resolu&on,theCommissionwillworkwithCityStafftocreateanEconomicDevelopmentMasterPlanthatincludesaneconomicdevelopmentstrategythatiden&fiesresourcesandrecommendspriori&estoimplementthegoals,policiesandprogramsforeconomicvitality.
GoodNews:Revenue• CityrevenuesfromSalesTaxandTOThaveincreasedandarenowone-thirdofallcityrevenue
• PropertyTaxrevenuehasalsoincreasedandrepresentsone-thirdofallcityrevenue
Cau&on• TheCity’s5-YearGeneralFundforecastsuggeststhebeginningofadeficitin2017-18fiscalyear
• Thena&onaleconomyhasachievedcon&nuedgrowthoveranunusuallylongperiod– Basedonthehistoriccyclicalbehaviorofthena&on’seconomysomeformofrecessionislikelyinthecomingyears
• Onlinepurchaseswilllikelyincrease,decreasingsalestaxrevenuefrombrick&mortarstores
SeekingCouncilReaffirma&on:Revenue
UnderstandingtheCau&onsofthepreviousslideandunderthedirec+onoftheCityCouncil,theCommissionwill:• Con&nuetorevieweconomicac&vi&esinNovato,providefeedback,and
• Makerecommenda&onstoCouncil– Butwiththeaddi&onalfocusontheneedtoassureasufficientandstableCityrevenuestream
SeekingCouncilDirec&on:Dependencies
Athrivingeconomyalsodependson:• Educatedandskilledci&zens• Availableemployeehousingand/or• Efficienttransporta&on
Giventhesedependencies,theCommissionwill,underthedirec+onoftheCityCouncilconsiderthemwhenevalua&ngeconomicac&vi&esinNovato.
SeekingCouncilDirec&on:Diversity• TheNovatoEconomicAdvisoryCommissionisnotdiversified– All-white,all-males,allover50
• TheCommissionwillworkwithCityStafftobegintheprocessthatrequeststhattheCouncilmakethetwocurrentEx-OfficioMembers(onefemale,onemaleunder50),fullvo&ngmembers
Thankyou!
HarryF.Thomas
ChairmanNovatoEconomicAdvisoryCommission