2016 State of the City Mayor Mike Rawlings December 2016 Police - - PowerPoint PPT Presentation

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2016 State of the City Mayor Mike Rawlings December 2016 Police - - PowerPoint PPT Presentation

Oct 14, 2023 344 likes •562 views

2016 State of the City Mayor Mike Rawlings December 2016 Police & Fire Pension: Assets Projected to Expire Between 2027 & 2030, Depending on Rate of Withdrawal $3.0B $2.5B $2.0B $1.5B $1.0B $0.5B $0.0B MVA - Current Plan MVA -

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SLIDE 1

2016 State of the City

December 2016

Mayor Mike Rawlings

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Police & Fire Pension: Assets Projected to Expire Between 2027 & 2030, Depending on Rate of Withdrawal

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$0.0B $0.5B $1.0B $1.5B $2.0B $2.5B $3.0B

MVA - Current Plan MVA - Immediate DROP Withdrawals

Source: City Council Briefing, Dec. 2016

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SLIDE 3

Police & Fire Pension: Recent “Run” on Funds Creating Near-Term Liquidity Concern

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$0 $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 $700,000,000 $800,000,000 $900,000,000

11/11/2016 12/9/2016 1/6/2017 2/3/2017 3/3/2017 3/31/2017 4/28/2017 5/26/2017 6/23/2017 7/21/2017 8/18/2017 9/15/2017 10/13/2017 11/10/2017 12/8/2017 1/5/2018 2/2/2018 DPFP Gross Liquid Assets

Gross Liquid Assets as of 11/25/16 Under Varying DROP Scenarios

Distribution @ $36M/week Distribution @ $20M/week Distribution @ $10M/week Distribution @ $36M/week w/Call Distribution @ $20M/week w/Call Distribution @ $10M/week w/Call

Source: City Council Briefing, Dec. 2016

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SLIDE 4

Poverty: Dallas Has Highest Rate of Childhood Poverty of Any City With Population Over 1 Million

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38% 37% 35% 34% 33% 33% 31% 30% 20% 10%

DALLAS PHILADELPHIA HOUSTON PHOENIX LOS ANGELES CHICAGO SAN ANTONIO NEW YORK CITY SAN DIEGO SAN JOSE

% of Children in Poverty

Source: Kids Count data

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Poverty: High Teenage Pregnancy Rates Contributing to Poverty Cycle

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27 41 44 61 100

US Texas Dallas County Dallas NTARuPT Zip Codes

Teen Birth Rate (per 1000 births)

“...in certain zip codes, a teen girl has a higher chance of giving birth before age 19 than ever attending college”

  • North Texas Alliance to

Reduce Teen Pregnancy

Zip codes 75203, 75212, 75215, 75216, and 75220 have teen birth rates similar to Burkina Faso, the Gambia and Somalia

Source: North Texas Alliance to Reduce Teen Pregnancy

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3% 4% 5% 5% 6% 10% 11% 12% 14% 31%

Quality of Public School Education

2x Greater Than Next Issue Gun owner rights Obamacare Illegal Immigration Something Else / Undecided Traffic Property Tax Relief Access to Healthcare Jobs and the Economy Crime and Drugs

Education: Quality of Public Schools #1 Concern of Dallas Voters

Source: The Eppstein Group, June 17-19, 2016

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SLIDE 7

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Early Childhood Education Since 2012

+ 5%

3rd Grade Literacy Rate

+ 18%

Children Enrolled in Pre-K

Test Score Improvement Collegiate Academies

18 by Fall 2017

43 Corporate Partnerships

“Improvement Required” Schools Since 2014

  • 3 IR Schools

+2,000 Students (+7%) Students

  • 21 IR Schools
  • 14,209 Students

(-47%) Students

+ 40%

College Ready STAAR Assessments

(Since 2012)

Dallas ISD Houston ISD

+ >30%

IR School 5th Gr. Math & 8th Gr. Science scores

(Since 2014)

Education: Progress on Multiple Fronts

Source: The Commit! Partnership

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Education: >40 Institutions Now Partnering With DISD Collegiate Academies in 18 High Schools

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$35 $45 $55 $65 $75 $85 $95 $105 $115

Property Tax Base Values (Billion $s)

$90.5B 2009 $82.0B FY 2012A $100.3B FY 2016A $110.4B FY 2017P $66.5B FY 2004A $44.3B FY 1992A

Dallas Economy: Strong & Expected to Continue Growing

Source: Federal Reserve Bank of Dallas-Beige Book July 2016

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SLIDE 10

Overall City Growth: New Dallas Permits Exceeding Total Value of Addison/Rockwall Tax Base

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$2.28B $2.62B $3.31B $4.32B $4.67B $4.30B $4.31B

$2.0B $2.5B $3.0B $3.5B $4.0B $4.5B $5.0B FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 Addison Total Tax Base Rockwall Total Tax Base

City of Dallas: Annual New Permit Valuations

Up 105% Since 2012

Source: Single Family Housing Task Force Meeting, Nov 2016

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Jobs: Strong Growth Across Sectors in City of Dallas & Broader DFW Area

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  • 2.0%

0.0% 2.0% 4.0% 6.0% 8.0%

Natural Resources Mfg. Trade, Trans, & Utilities Information Fin.

  • Prof. &

Bus. Svcs

  • Ed. &

Health Svcs Leisure & Hosp. Other Svcs Govt.

2014-2015 Estimated Job Growth by Sector City of Dallas & DFW Metro Area

City of Dallas DFW Area

Source: City of Dallas Office of Economic Development estimates

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SLIDE 12

Dallas Continues to Attract Major Corporate HQs

Headquarter Relocations to DFW from 2010-2016

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Source: Dallas Regional Chamber, 2016

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SLIDE 13

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Southern Dallas: Increased Investment Leading to Growth in Tax Base

$10.4B $10.4B $10.6B $11.2B $11.9B

$9.5B $10.0B $10.5B $11.0B $11.5B $12.0B $12.5B

2011 2012 2013 2014 2015

Southern Dallas Taxable Property Values

Taxable Property Values

Source: Grow South Year 5 Presentation

25%

Since 2012 Real Property Values

77 M

Annually Residential Investment

$1.6B

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SLIDE 14

Southern Dallas: >100% Increase in Annual Permit Values

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$56.2M $107.8M $133.8M $0M $50M $100M $150M FY13/14 FY14/15 FY15/16

Annual Southern Dallas New Permit Values (Million $’s)

+138% Since FY13/14

Source: Single Family Housing Task Force Meeting, Nov 2016

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SLIDE 15

Downtown Dallas: By the Numbers

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90+

Developments Underway

14+

Hotels Under Construction

10,000+

Residents City Center

50,000+

Residents Greater Downtown

7,000+

Residential Units Under Construction

6,400+

Residential Units Announced

94%

Occupancy Rate

72

Restaurants Opening in 2016

Source: Downtown Dallas Inc.

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16 51.4M 52.2M 52.5M 53.7M 56.7M 57.6M 57.6M 8.0M 8.0M 8.2M 8.5M 9.4M 14.5M 15.4M 5.5M 5.6M 6.1M 6.7M 7.2M 7.9M 8.5M

64.9M 65.8M 66.8M 68.9M 73.3M 80.0M 81.4M

10M 25M 40M 55M 70M 85M 2010A 2011A 2012A 2013A 2014A 2015A 2016P

Metroplex (DFW + DAL) Passenger Traffic Growth (Million passengers)

DFW Dom. DAL DFW Intl.

+12% since 2010

+93% since 2010

+55% since 2010

Airports: Total Metroplex Passenger Traffic up 26%, Led by Strong Growth in DAL & DFW International

Source: DFW Metroplex Passenger Growth Pres.

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Citizen Satisfaction: Trending Positively, Especially When Compared to Other Major Cities

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100 100 107.1 95.1

90 95 100 105 110 Dallas Large U.S. Average 2009 2011 2013 2014 2016

34% 35% 46% 63% 61% 68% 49% 45% 63% 73% 70% 77%

0% 20% 40% 60% 80%

Direction the City is taking Value received for City taxes paid Overall quality of service provided by Dallas Overall image/ reputation of Dallas Overall appearance

  • f Dallas

Overall Quality of Life in Dallas

Dallas US Cities with pop. >500,000

Overall quality of life Overall appearance Overall image/ reputation Overall quality of service provided Value received for City taxes paid Direction the City is taking

Change in Overall Citizen Satisfaction (Indexed to 2009 Scores) Citizen Perception of City (% positive response)

Source: ETC Institute (2016)

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The Future of Dallas

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The Future: Trinity River Project

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The Future: Fair Park

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The Future: High Speed Rail

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Note: Image of Tokyo high-speed rail, meant for illustrative purposes