• How are we managing your city resources?

• What difficulties lie ahead?

• What are strategies to meet these challenges?

• Questions

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Economy improving but budget crisis and risks remain

– State job growth outperforming U.S. since 2010

– Housing market showing signs of recovery

– Budget cuts/ International economy will slow recovery

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Direct impact on Santa Monica resources and plans

– Capital projects in limbo

– Affordable housing funding lost

– Limited funding for infrastructure renewal

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Local economy remains resilient– Unemployment 8.4%; below state-10.4%, LA County-

10.0%

– Assessed valuation 4.6%

– Apartment and office vacancies among lowest in region

– Revenue returning to 2007 levels

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$200

$220

$240

$260

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$300

$320

$340

Fiscal Year 2011-12

Fiscal Year 2012-13

Fiscal Year 2013-14

Fiscal Year 2014-15

Fiscal Year 2015-16

Revenue

Expenditure

$7.7M

2.8% surplus

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$4.3M

1.4% surplus

$2.4M

0.8% surplus

-$3.6M

1.1% deficit

• May 2012 projection shows structural deficit in 2014-15

• Uncertainty around pension costs and post RDA revenue

• New projections in January 2013-$4.6M

1.4% deficit

Sound management bolsters position

– Economic uncertainty reserve unused

– Contingency reserve to 15%

– No single revenue source >15%

– Prepayments on retirement costs reduce city rates

– Must budget smarter

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Data driven community policing

–New department leadership

–Year to date rise in violent and property crimes

–New beats, schedules and strategies

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Class 1 rated ISO fire department

– Response times save lives

– Fire Station #1 at 1337-45 7th street

– Exploring partnerships to manage healthcare costs

Steps to regional emergency preparedness

– City and community training

– SM Alerts expands

– New Emergency Operations Center

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National Leading Public Library System

–Among top 1% of Public Libraries in Nation

– Extended hours and branch renovations

–Pico branch library construction underway

–54% of children and teens in summer reading

program since 2009.

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Youth and Community Wellbeing

– Cradle to Career working group/ initiative

– Youth Wellbeing Report Card

– Early Childhood Education Center

– One of 20 finalists for Mayors Challenge grant

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Human Dignity for all residents

– Street Homelessness is down 34% from 2009

– $7.4 million human service grants invested citywide

– Senior and assisted transit services expand in 2013

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Siemens 2012 Sustainable Community Award

Innovative resource management

– 77% of waste diverted from landfills

– Solar panels on rooftops generate 4% of electricity

– 32 electric vehicle chargers as of early 2013

– Water independence remains top priority

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Urban Forest

– More than 34,500 trees in the city

– Canopy holds over 21 million gallons of annual rainfall

– Will have planted 1,902 more trees by December 2012

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Silicon Beach leads in digital government

–City NetSM is a strategic asset and revenue source

– Free Wi-Fi in 30 hot spots and transit corridors

–Government Outreach changes service response

– Traffic synchronization

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Transportation network creates access

–Bicycling fastest growing commute mode

• Bike Action Plan praised by peer institutions

• Largest bike center in Nation

• New 14 bike lane and 13 shared roadway miles

• 4,795 and 4,527 bikes during peak AM and PM traffic

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Transportation network creates access

–Roadways maintained and improved

• 14 resurfaced street miles

• 12 new pervious concrete alleys

• 1,360 potholes and 1,399 street lights repaired

–Nearly 19 million boardings on the Big Blue Bus

• 680,000 more boardings in 2012 compared to 2011

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Affordable Housing– Demise of RDA = loss of primary funding

– Vacancy decontrol continues to rent controlled units

– 101 units built, 354 underway

– 90% of new units within ¼ mile of transit stop, open

space or grocery store

Private Development guided by LUCE– Crafting new zoning code

– Area and specific plans

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Projects approved• 710 Wilshire Hotel

• Colorado Creative Studios

Projects underway• Agensys

• The Village

• Samohi Tech Building

• New Roads

• Saint Monica’s

• Downtown mixed-use housing

• Apple Store

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Pending projects• Village Trailer Park

• Papermate Site

• Miramar Hotel

• Roberts Center

• 4/5th and Arizona

• Bergamot Station

• AMC Cineplex

• Marriot Courtyard/ Hampton Inn

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Current• Expo light rail

• Civic center parks

• Ocean Park Blvd.

• 20th and Cloverfield

• Pico branch library

• Parking structure #6

• Borderline Neighborhood

Upcoming• California incline

• Colorado esplanade

• Pier bridge

• Expo buffer park

• Pier improvements

• Lincoln resurfacing

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www.smconstructs.org

Rethink ways to support affordable housing

Community visioning process for the Airport

–Operational changes in 2015

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Pier Visioning Process

Pedestrian and bicycle safety

– Year to date traffic collisions

Pension/healthcare rates higher FY12-13,

likely

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Choices– Stranded redevelopment projects = hard decisions

– Meet infrastructure and core service needs

– Remain responsive to emerging issues

Carefully managed taxpayer dollars

– Innovative and professional public employees

– Enhanced service delivery with current staffing levels

– Seek continuous improvements in all service areas

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