FY2024 Proposed Budget

Goals, objectives, and performance measures

Strategic Plan Goal: Department Goal:

Invest in Public Infrastructure, Facilities, and Fiscal Reserves

Build tax base in effort to continue to reduce the City's property tax levy

Department Objective:

Work with public and private sectors to facilitate economic development opportunities

Performance Measures: New Value created in TIF districts

Jan 2022 Projected

Jan 2023 Estimate

Jan 2019

Jan 2020

Jan 2021

Current Value (in millions) Base Value (in millions)

$ 1,160.37 $ 1,224.10 $

1,235.55 $

1,232.67 $

1,257.92

$

401.12 $

401.12 $

401.13 $

401.13 $

401.13

percent increase

189.3%

205.2%

208.0%

207.3%

213.6%

$1,400.00

$1,200.00

$1,000.00

$800.00

$600.00

$400.00

$200.00

$-

Jan 2019 Jan 2020 Jan 2021 Jan 2022 Projected

Jan 2023 Estimate

Current Value (in millions) -

Total - All Urban Renewal Areas

FY 2023 Projected

FY 2024 Estimate

FY 2020

FY 2021

FY 2022

New

0 0

1 4

0 0

1 0

0 0

Amended

Total Urban Renewal Areas

14

14

14

14

14

Strategic Plan Goal:

Promote an Inclusive and Resilient Economy Throughout the City Build stronger relations with business owners throughout the community Develop programs aimed to enhance small business development and retention with a focus on diverse communities identify ways to market and grow the local foods economy.

Department Goal:

Department Objective:

Build Employment Opportunities

CY 2022 Projected

CY 2023 Estimate

CY 2019

CY 2020

CY 2021

Performance Measures:

Unemployment Rate

2.1%

4.7%

4.0%

2.0%

2.0%

76