Forum Series Event Introduced by Mayor Scott Myers and presented - - PowerPoint PPT Presentation

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Feb 11, 2024 172 likes •362 views

Forum Series Event Introduced by Mayor Scott Myers and presented by City Manager J. Michael Joyal, Jr. Hosted by The Greater Dover Chamber of Commerce If you dont know where you are going you may end up somewhere else - Yogi Berra

SLIDE 1

Forum Series Event

Introduced by

Mayor Scott Myers

and presented by

City Manager J. Michael Joyal, Jr.

Hosted by

The Greater Dover Chamber of Commerce

SLIDE 2

“If you don’t know where you are going you may end up somewhere else”

Yogi Berra

SLIDE 3

 A work in progress with

boundless opportunities for continuing success”

SLIDE 4

The Economy Our State fiscal crisis Demographic change Scarce resources New Media and technology

Issues Driving Change

SLIDE 5

Labor force & unemployment

0.0 3.0 6.0 9.0 12.0 15.0 10,000 12,000 14,000 16,000 18,000 20,000 2000 2002 2004 2006 2008 2010

Labor Force Dover Unemployment State US

Labor Force Source: US Bureau of Labor Statistics Unemployment Rate

SLIDE 6

Declining Home Values

Source: Report of Tax Assessor 200,000 210,000 220,000 230,000 240,000 250,000 260,000 270,000 2006 2007 2008 2009 2010 Average Residential Value

SLIDE 7

Downshifting State Fiscal Crisis

SLIDE 8

Increasing population

SLIDE 9

Service Demands

SLIDE 10

Communication Needs

SLIDE 11

Economic Development
Facility/Infrastructure Improvements
Transportation Projects
Public Parking System Changes
Great Bay Water Quality

SLIDE 12

Stabilization Funds
Revenues
CIP and Debt Parameters
Budget Guidance
Policy Implementation

SLIDE 13

General Fund Proposed $ Change % Change City $33,932,751 $1,049,985 3.2% School 46,109,099 1,394,978 3.1% County 7,051,080 17,809 0.3% Total $87,092,930 $2,462,772 2.9%

FY2012 Proposed Budget

SLIDE 14

Property Tax Bill

Average Residential Assessment = $225,616 FY11 Tax $ Change % Change City $2,071 $56 2.8% School $2,892 $158 5.8% County $607 ($2) (0.5%) Total Property Tax Bill $5,570 $212 4.0%

Mr. and Mrs. John Q. Taxpayer

City of Dover, NH

SLIDE 15

Property Tax Bill

Average Residential Assessment = $225,616 FY11 Tax $ Change % Change City $2,175 $160 7.9% School $3,023 $289 10.4% County $607 ($2) (0.5%) Total Property Tax Bill $5,805 $447 8.3%

Mr. and Mrs. John Q. Taxpayer

w/ Potential State Downshifting

SLIDE 16

2009 Property Tax Per Capita

Portsmouth $3,109 Londonderry $2,654 Merrimack $2,421 Laconia $2,388 Keene $2,367 Salem $2,268 Derry $2,088 Concord $2,072 Dover $2,006 Nashua $1,916 Rochester $1,593 Manchester $1,586

SLIDE 17

“Even if you are on the right track, you will get run over if you just sit there.”

Will Rogers

SLIDE 18