The URL can be used to link to this page

Home My WebLink About011309 FY10 BUDGET PREP FY10 Budget Prep ? Today –Regional Comparison Briefing ? January 20–Workshop w/Lyle on City Programs th ? January 27–Revenue Projection Update and th Discussion of Balancing Options ? February 9and 10–Workshops to Review the thth Departmental Rankings ? March 24–City Managers Presentation of Budget & th CIP to City Council ? City Council Workshops -April 7, 14, 21& May 5 ththst,th ? Public Meetings –April 16and 28 thth ? May 5–Budget Reconciliation Workshop th ? May 12–FY10 Budget Adoption th Comparison of Virginia Beach to Other Regional Cities David A. Bradley January 13, 2009 Expenditures By Category Community Development 100% 90% 80% Parks, Recreation, and 70% 44.0%46.6% Cultural 59.5%51.4% 48.2% 56.6% 60% Education 50% 40% 30% Health and Welfare 20% 10% Public Works 0% Norfolk Portsmouth Hampton Newport News Chesapeake Virginia Beach Public Safety and Judicial Administration General Government Administration $1,314,725,319$692,806,370$812,985,179$337,874,289$471,045,367$617,364,523 Virginia BeachChesapeakeNorfolkPortsmouthHamptonNewport News Source: 2007 Comparative Report of Local Government Revenues andExpenditures Virginia Auditor of Public Accounts Local Revenue By Type 100% Service Charges, Fees, Fines, 90% and Interest 80% All other Taxes 70% Personal and Business 60% Property Taxes 50% BPOL 40% 30% Meals Tax 51.3%51.0% 40.2%40.8%40.5% 20% 38.8% 10%Consumer Utility Taxes 0% Local Sales and Use Tax Hampton Norfolk Virginia Beach Portsmouth Newport News Chesapeake Real Estate Source: 2007 Comparative Report of Local Government Revenues andExpenditures Virginia Auditor of Public Accounts Current Selected Local Tax Rates and Fees Real Estate Tax Rate Per $100 of Assessed Value $1.40 $1.21 $1.11 $1.10 $1.20 $1.05 $1.04 $0.89 $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 Portsmouth Norfolk Hampton Newport News Chesapeake Virginia Beach Source: Management Services Personal Property Tax Rate Vehicles Only $6.00 $5.00 $5.00 $4.25$4.25$4.25 $4.08 $3.70 $4.00 $3.00 $2.00 $1.00 $0.00 Portsmouth Norfolk Hampton Newport News Chesapeake Virginia Beach Source: Management Services Hotel Tax Rate 9.0% 8.5% 8.0%8.0%8.0%8.0%8.0% 8.0% 7.5% 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% Portsmouth Norfolk Hampton Newport News Chesapeake Virginia Beach Source: Management Services Meal Tax Rate 7.0% 6.5%6.5%6.5%6.5% 6.5% 6.0% 5.5%5.5% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% Portsmouth Newport News Norfolk Hampton Chesapeake Virginia Beach Source: Management Services Automobile License Fee Vehicles Under 4,000 Pounds $28.00 $30.00 $26.00$26.00 $25.00$25.00 $23.00 $25.00 $20.00 $15.00 $10.00 $5.00 $0.00 Portsmouth Newport News Norfolk Hampton Chesapeake Virginia Beach Source: Management Services Cigarette Tax Rate Per Pack $0.65$0.65$0.65 $0.70 $0.61 $0.60 $0.50$0.50 $0.50 $0.40 $0.30 $0.20 $0.10 $0.00 Portsmouth Norfolk Newport News Hampton Chesapeake Virginia Beach Source: Management Services Water Bill Assuming 5,000 Gallons Consumed $35.00$31.77 $30.00 $25.13 $24.75 $23.85 $25.00 $18.76$18.76 $20.00 $15.00 $10.00 $5.00 $0.00 Hampton Norfolk Virginia Beach Portsmouth Newport News Chesapeake Source: Virginia Beach Public Utilities Department Monthly Trash Collection Fee $50.00 $43.33 $40.00 $32.00 $30.00 $20.12 $18.42 $16.68 $16.08 $20.00 $10.00 $0.00$0.00 $0.00 Portsmouth Newport News Norfolk Hampton Chesapeake Virginia Beach Source: Management Services Hampton charges $18.42 for houses that recycle and $43.33 for those that do not • Newport News charges $16.08 for a 60 gallon container and $20.12for a 90 gallon • container Comparison of Municipal Taxes Virginia Newport TaxesBeach ChesapeakeNorfolk PortsmouthHampton News Real Estate Tax$2,522.31 $2,975.76$3,145.81$3,429.21$2,947.42$3,117.47 Personal Property Tax461.76 509.18530.40624.00530.40530.40 Electricity Utility Tax36.00 45.0045.0040.8036.0036.96 Gas Utility Tax36.00 22.5618.0036.0028.8018.12 VA Telecom Tax70.68 70.6870.6870.6870.6870.68 Water Utility Tax36.00 None67.5084.00NoneNone Restaurant Tax251.48 251.48275.43275.43275.43275.43 Admissions Tax25.69 25.6925.6925.6925.6919.27 Vehicle License Tax52.00 46.0052.0050.0056.0052.00 Storm Water Utility Tax73.37 82.2093.9672.0055.2061.20 Residential Refuse FeeNone None271.74384.00221.00235.30 Total Tax Impact$3,565.29 $4,028.55 $4,596.21 $5,091.81 $4,246.62 $4,416.83 Source: Management Services Economic Vitality Median Household Income and Per Capita Income $70,000 $60,000 Virginia Beach Chesapeake $50,000 Norfolk Portsmouth $40,000 Per Capita Income Hampton $30,000Newport News $45,000 $20,000 20032004200520062007 $40,000 Virginia Beach Chesapeake $35,000 Norfolk Median Household Income Portsmouth $30,000 Hampton Newport News $25,000 $20,000 20022003200420052006 Source Per Capita Income: US Census Bureau Small Area Income andPoverty Estimates Source Median Household Income: US Department of Commerce Bureauof Economic Analysis Percent of Commercial Property 2008 30.0% 24.6% 25.0% 20.5% 20.0% 18.5% 20.0% 16.9% 15.7% 15.0% 10.0% 5.0% 0.0% NorfolkHampton Virginia BeachNewport News Portsmouth Chesapeake Source: Virginia Association of AssessingOfficers Percent of Exempt Property 2008 60.0% 48.7% 50.0% 35.1% 40.0% 30.0% 22.3% 18.0% 20.0% 11.6% 8.1% 10.0% 0.0% Hampton Norfolk Virginia BeachNewport News Portsmouth Chesapeake Source: Virginia Association of Assessing Officers Unemployment Rate 6.0% 5.5% 5.0%Virginia Beach Chesapeake 4.5% Norfolk 4.0% Portsmouth 3.5% Hampton 3.0%Newport News 2.5% 2.0% 200320042005200620072008 2008 data is through October • Source: U.S. Bureau of Labor Statistics -Local Area Unemployment Statistics Database Taxable Sales $6,000,000,000 $5,000,000,000 Virginia Beach $4,000,000,000 Chesapeake Norfolk $3,000,000,000 Portsmouth Hampton $2,000,000,000 Newport News $1,000,000,000 $0 20032004200520062007 Source: Virginia Department of Taxation Quality Education and Lifelong Learning Library Expenditures Per Capita $45.00 $40.00 $35.00 Virginia Beach $30.00Chesapeake $25.00Norfolk $20.00Portsmouth $15.00Hampton Newport News $10.00 $5.00 $0.00 20032004200520062007 Source: Virginia Auditor of Public Accounts City Expenditures Per Pupil $5,000 $4,500 Virginia Beach $4,000 Chesapeake $3,500 Norfolk Portsmouth $3,000 Hampton $2,500 Newport News $2,000 $1,500 20032004200520062007 Local Contribution as a Percent of Total Expenditures 20032004200520062007 Virginia Beach 43.1%44.9%42.2%43.0%43.5% Chesapeake 42.6%42.3%41.0%42.3%46.6% Norfolk 30.2%31.9%31.1%30.0%26.1% Portsmouth 24.9%23.4%24.7%28.7%19.6% Hampton 31.4%34.2%30.1%30.6%28.9% Newport News 34.5%31.1%29.5%32.0%29.9% Source: Virginia Department of Education Superintendent's AnnualReport Safe Community Expenditures Per Capita Fire and Rescue $300.00 $250.00 Virginia Beach $200.00 Chesapeake Norfolk $150.00 Portsmouth Hampton $100.00 Newport News $50.00 $0.00 20032004200520062007 Source: Virginia Auditor of Public Accounts Expenditures Per Capita Law Enforcement and Traffic Control $300.00 $260.00 Virginia Beach Chesapeake $220.00 Norfolk Portsmouth $180.00 Hampton Newport News $140.00 $100.00 20032004200520062007 Source: Virginia Auditor of Public Accounts Quality Physical Environment Lane Mile By Type 3,305 3,500.00 3,000.00 Principal Arterial 2,314 2,500.00 Minor Arterial 2,000.001,660 Collector 1,500.001,180 1,054 Local 888 1,000.00 Total 500.00 0.00 Hampton Virginia Beach Norfolk Portsmouth Newport News Chesapeake Source: Virginia Department of Transportation Expenditures Per Lane Mile $25,000 Virginia Beach $20,000 Chesapeake Norfolk $15,000 Portsmouth Hampton $10,000 Newport News $5,000 20032004200520062007 Sources: Virginia Department of Transportation and Auditor of Public Accounts Family and Youth Opportunities Poverty Rate 20.0% 17.2% 14.4% 14.1% 16.0% 13.2% 12.0% 7.0% 6.4% 8.0% 4.0% 0.0% Norfolk Portsmouth Hampton Newport News Chesapeake Virginia Beach Source: Census Bureau's American Community Survey 2007 Expenditures Per Capita Public Health $70.00 $60.00 Virginia Beach $50.00 Chesapeake $40.00 Norfolk Portsmouth $30.00 Hampton $20.00 Newport News $10.00 $0.00 20032004200520062007 Source: Virginia Auditor of Public Accounts Expenditures Per Capita Social Services $400.00 $350.00 Virginia Beach $300.00 Chesapeake $250.00 Norfolk Portsmouth $200.00 Hampton $150.00 Newport News $100.00 $50.00 20032004200520062007 Source: Virginia Auditor of Public Accounts Expenditures Per Capita Mental Health and Mental Retardation $200.00 Virginia Beach $160.00 Chesapeake Norfolk $120.00 Portsmouth Hampton $80.00 Newport News $40.00 20032004200520062007 Source: Virginia Auditor of Public Accounts Cultural and Recreational Opportunities Expenditures Per Capita Parks and Recreation $140.00 $120.00 Virginia Beach $100.00 Chesapeake $80.00 Norfolk Portsmouth $60.00 Hampton $40.00 Newport News $20.00 $0.00 20032004200520062007 Source: Virginia Auditor of Public Accounts Expenditures Per Capita Cultural Enrichment $90.00 $80.00 $70.00 Virginia Beach $60.00 Chesapeake $50.00 Norfolk $40.00Portsmouth $30.00Hampton $20.00Newport News $10.00 $0.00 20032004200520062007 Source: Virginia Auditor of Public Accounts Quality Organization Total Expenditures Per Capita $3,600.00 $3,400.00 $3,200.00 Virginia Beach Chesapeake $3,000.00 Norfolk $2,800.00 Portsmouth $2,600.00 Hampton Newport News $2,400.00 $2,200.00 $2,000.00 20032004200520062007 Source: Virginia Auditor of Public Accounts Per Capita Expenditures as a Percentage of Personal Income 13.0% 12.0% Virginia Beach 11.0% Chesapeake 10.0% Norfolk 9.0% Portsmouth 8.0% Hampton 7.0% Newport News 6.0% 5.0% 2003200420052006 Bond Rating Standard & Poor's AAA Virginia Beach Moody'sAa1 Standard & Poor's AA Chesapeake Moody'sAa2 Standard & Poor's AA Norfolk Moody'sA1 Standard & Poor's AA- Portsmouth Moody'sA1 Standard & Poor's AA Hampton Moody'sAa2 Standard & Poor's Aa Newport News Moody'sAa2 Source: Each City’s 2007 CAFR Citizen Survey October 2007 •93.4% are satisfied with City services •95.6% are satisfied with the appearance of the City •96% believe Virginia Beach is a good place to live •92.8% believe Virginia Beach is a safe place to live Conclusions •Lowest cost provider in the region •Low overall tax rates compared to the region •Using standardized values, a family of four has a lower tax burden than the other cities •Still lag behind other cities in fees and charges for service as proportion of total revenues