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HomeMy WebLinkAboutReg 2010-04-05 Item 2C - Presentation - Budget Briefingf MTG. DATE 04/05/10 MTG. DATE 04/05/10 COUNCIL AGENDA SYNOPSIS Meeting Date 04/05/10 Prepared by SL Initials review :ITEM INFORMATION CAS NUMBER: 10-036 I ORIGINAL AGENDA DATE: APRIL 5, 2010 AGENDA ITEM TITLE Briefing on options for addressing budget gap. CATEGORY Disatssion Motion Resolution n Ordinance ['Bid Award Public Hearing f f Other Mtg Date 04/05/10 Mtg Date Mtg Dale Mtg Date Mtg Date SPONSOR f l Council Mayor Adm Svcs DCD n Finance 1 1 Fire El Legal P&R Police PJV Council review SPONSOR'S During its February 2010 annual retreat, the City Council discussed a wide range of SUMMARY options for addressing the Tong -term gap between anticipated revenues and expenditure forecasts. Council identified a number of revenue and expense options it would like to explore further, and requested that staff research these items and report back to the Committee of the Whole in coming months. The attached memo identifies these items and proposes a schedule for their consideration. REVIEWED BY COW Mtg. CA &P Cmte F &S Cmte Transportation Cmte U Utilities Cmte Arts Comm. n Parks Comm. Planning Comm. DATE: RECOMMENDATIONS: SPONSOR /ADMIN. Briefing only. Comm' 1"1 EE COST :IMPACT FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $N /A $N /A $N /A Fund Source: N/A Comments: RECORD OF COUNCIL ACTION ATTACHMENTS Informational Memorandum dated 04/02/10 ITEM NO. Mtg Date Mtg Date 1 2 y City of Tukwila TO: INFORMATIONAL MEMORANDUM Mayor Haggerton Committee of the Whole FROM: Steve Lancaster, City Administrator DATE: April 2, 2010 SUBJECT: Options for Addressing Budget Gap ISSUE The Tukwila City Council devoted three days in February to studying the current budget situation and implications for the Tong -term ability of the City to continue providing essential services to the community. During this budget retreat, Council members expressed the importance of taking a balanced approach to closing the current budget gap and setting the City on a more sustainable financial path. This will require evaluating ways to both increase revenues and decrease expenses. There was clear recognition that addressing both sides of the equation will have real impacts on the cost and type of services we provide citizens, and on the employees who provide those services. Council reviewed a broad range of revenue and cost saving ideas, and identifies several for additional study. This memo will present a proposed schedule for studying these issues. BACKGROUND Jim Haggerton, Mayor Cities in Washington have been challenged in recent years by statutory limitations on property tax revenue during a period when the cost of providing services has continued to grow. For some time, the robust growth of the overall economy and significant new development in Tukwila provided the ability to cope with these revenue and expense problems. However, Tukwila's finances have been additionally hurt in recent years by implementation of the State's "streamlined sales tax" system and by unanticipated expenditures related to problems at the Howard Hanson Dam. With this difficult financial backdrop, the economic crisis of the past few years has seriously affected the City's ability to continue operating as we have in the past. An extended period of declining sales tax revenue and a dramatic slow -down in new construction (with resulting stagnation in property tax revenue) require that the City take action. Temporary expenditure reductions for 2009 and 2010, a new utility tax on city -run utilities, significant (and unsustainable) cutbacks in capital expenditures and a new solid waste utility tax have provided some relief. However, even after these measures are considered, forecasts show that the City will deplete its budget reserves "fund balance in 2013 or 2014 if it remains on the current course. 3 4 INFORMATIONAL MEMO Page 2 Figure 1 illustrates the City's recent revenue /expenditure history (2000 -2009) and forecasts revenues and expenses through 2015 based on current service and staffing levels and on what now appear to be somewhat optimistic revenue forecasts and unsustainable capital expenditure forecasts. 70.0 60.0 Passage of Statewide 1% property tax 50.0 limitation. 40.0 30.0 20.0 10.0 0.0 -10.0 -20.0 DISCUSSION Total Revenue and Expenses Millions) 2000 -2009 Actuals, 2010 -2015 Projected Passage of State I streamline sales tax legislation w: \2010 infomemos \budget brief apr52010 with graph.docx Global economic crisis; recession starts 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Revenues Expenses —Fund Balance Negative Fund Balance of $11.6M projected at the end of 2015 As illustrated, revenues and expenditures were relatively equal through 2004. From 2005 through 2007, revenues exceeded expenditures each year, allowing the fund balance (our "bank account to grow over this period. However, in 2008 revenues declined while expenditures continued to increase, requiring that the City draw from its fund balance. The gap between revenues and expenses is forecast to continue to widen under current and anticipated conditions requiring continued and growing "withdrawals" from fund balance. This situation cannot be allowed to continue. During its February budget retreat the City Council reviewed a wide range of possible measures for closing the budget gap. These measures can be thought of as falling within three categories: Revenue Options, Program Reduction Options, and Cost of Compensation. Council expressed the importance avoiding over reliance on any of these categories, indicating that a balanced approach is strongly preferred. Council members identified several specific and some more general ideas for increasing City revenue and decreasing expenditures. Staff has been asked to investigate these ideas and report back to the Council Committee of the Whole over the next INFORMATIONAL MEMO Page 3 few months. Staff recommends the following schedule for reporting to the COW on the various budget ideas identified at the February retreat. Revenue Options. For each revenue idea, staff will provide an estimate of revenue potential (as well as any associated costs) and impact on residents and /or businesses. Decision processes and timing issues will also be described. REVENUE IDEAS Utility tax on City -owned utilities Increase business license fees Revenue Generating Regulatory License 1 TBD license tabs Surplus City property Property tax levy lid lift EMS levy Planning fees TBD sales tax 1 w: \2010 infomemos \budget brief apr52010 with graph.docx DESCRIPTION Increase current tax by 1% (to 11 reduce to 7% following sunset of original tax (end of 2012). Graduated fee schedule based on "number of employees" categories. Per employee fee in addition to basic business license fee $20 /year license tab surcharge. Identify properties that are surplus to City's needs and evaluate potential sales. Temporary lifting of statutory limit on property tax. Voter approval required. Increase property tax by $0.10 per $1,000 of assessed value dedicated to emergency services. Voter approval required. Prior analysis indicates the City is not fully recovering its permit processing costs. Increase sales tax by 0.2% dedicated to transportation related expenses. Voter approval required. 1 COW MEETING 4 -12 -10 4 -12 -10 4 -12 -10 4 -12 -10 4 -26 -10 4 -26 -10 4 -26 -10 4 -26 -10 4 -26 -10 1 5 6 INFORMATIONAL MEMO Page 4 Program Reduction Options. For each cost saving idea, staff will describe the impact on services provided to internal and external customers (residents and businesses). Staff may also describe alternative means of achieving budget savings equal to those indicated below. 1 PROGRAM REDUCTION 1 City Council Mayor's Office Boards and Commissions Community Development Dept. Information Technology Dept. 1 Municipal Court Human Services Parks and Recreation Dept. 1 Foster Golf Course Public Works Dept. Police Department Fire Department 1 DESCRIPTION Reduce "Other Services and Charges" and "Supplies" by 10% ($5,000). Reduce overall budget by 10% ($125,000). Reduce budgets for Sister Cities, Equity Diversity Commission and Arts Commission 50% ($27,500). Reduce overall budget by 10% ($300,000). COW MEETING 5 -10 -10 5 -10 -10 5 -10 -10 5 -10 -10 Reduce overall budget by 10% ($112,500). 5 -10 -10 1 Reduce overall budget by 0.5% ($6,000). 1 5 -10 -10 Evaluate CSC program for potential gaps/ 5 -10 -10 duplication. Reduce general fund subsidy (excluding 5 -24 -10 Golf and Pool) by 10% ($448,000). Reduce general fund subsidy by $62,000. 1 5 -24 -10 Reduce general fund operations 5 -24 -10 expenditures by 5% ($375,000). Reduce budget (excluding Patrol, 6 -14 -10 Investigations and Traffic) by 2% ($93,000). Reduce overall budget by 2% ($204,000). 6 -14 -10 1 1 1 Cost of Compensation. The City Council has recognized that the City will not be able to return to a sustainable Tong -term financial situation solely through the revenue and cost reduction measures identified above. Parallel to the schedule of COW briefings, the City Administration will be undertaking discussions with the City's represented and non represented employee groups regarding the overall cost of employee compensation. Implementating some of the service or program reductions listed above will likely result in a reduction in City staffing levels. Additional staff and service reductions could be necessary if the measures described above do not result in sufficient savings. City Administration has scheduled meetings with employee representatives and with non represented employees to explore employee interest in measures to reduce the City's overall cost of employee compensation. Depending on employee interest, this may help to retain as many jobs as w: \2010 infomemos \budget brief apr52010 with graph.docx 1 1 INFORMATIONAL MEMO Page 5 possible and preserve important services to the community. Since employee compensation accounts for nearly three fourths of all general fund expenditures, it is imperative that we explore such options. RECOMMENDATION No action necessary. Provide staff with feedback on the proposed schedule and topics for future Council consideration. w: \2010 infomemos \budget brief apr52010 with graph.docx