Elko New Market Chamber of Commerce

State of the County

September 24, 2013

Board Direction/GoalsProvide long term fiscal stability while

minimizing tax impactsProvide the level of services

necessary to meet mandates and citizen expectations

Assure efficient deployment of all resources

Support economic development and job creation

Management Focus/TacticsMinimize tax impacts: No significant increases

in the property tax levyEnsure longer term fiscal stability: Make

structural changes – not one-time fixes – and get our fund balance to an appropriate level

Focus efforts on organizational structure and efficiencies: Engage employees to stabilize costs, but also to focus on maintaining service levels

Make investments in transportation and economic development: Be as well positioned for recovery and eventual growth as possible

How are we doing?

Structurally, we’ve offset nearly $17 million dollars (21 percent of

operating budget) in federal and state funding reductions and cost

shifts; we have the lowest rate of expenditures per capita in the

metropolitan area… and third lowest in the state.

Expenditures Per Capita

$0.00 $200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00

$599.91 $610.48 $613.01 $639.11 $813.55

$938.28 $1,001.21

Source Minnesota State Auditor

How are we doing?Limited levy increases – the levy has

increased, on average, only six tenths of one percent annually – well below the level of inflation and

new construction growth.

We have one of the lowest net tax levies, per capita, in the state… and the fourth

lowest in the metro area.We have the third lowest tax rate in the

metro area.

Net Tax Levy Per Capita

Dakota

(87)

Anok

a (84

)

Washing

ton (8

3)

Scott (

80)

Ramsey

(70)

Carver

(69

Henne

pin (4

9)$0.00

$100.00 $200.00 $300.00 $400.00 $500.00 $600.00

$277.89 $318.65 $321.93

$385.15 $439.08 $452.76

$518.37

Source Minnesota State Auditor

2010-2013 Metro Tax Rates

Dakota

Washing

ton Scott

Anok

aCarv

er

Henne

pin

Ramsey

0.00%10.00%20.00%30.00%40.00%50.00%60.00%70.00%

33.32%33.87%40.70%44.65%46.11%49.32%

63.05%

20102013

Source: Dakota County

How are we doing? We have improved our financial position and fund

balance; the County’s fund balance is at the state recommended level for the first time since 2005.

We have improved our bond rating to “Aa1.” We continue to have one of the lowest cost (per

employee) health plans in the state. We should close 2013 on or slightly under budget…

After accounting for state reductions, insurance increases, and Jordan project.

We are investing, and seeing positive economic development activities.

General TransportationSignificant improvements either completed or in

process:Interchange at 494 and 169Interchange at 13 and 101Highway 101 river crossingInterchange at169 and 69 County Road 83County Road 21County Road 17County Road 42County Road 44Expansion in our transit system: Eagle Creek and

Marschall Road transit stations; SmartLink Merger; transit studies

Local (ENM) TransportationCounty Road 86, with Rice CountyCounty Road 2 east of 46, with Dakota

CountyCounty Road 2 and County Road 46

roundabout I-35 and County Road 2 Interchange StudyOrange Line (I-35 BRT) StudyCounty Road 27 Corridor Study

Economic DevelopmentRegional connection – funding for GreaterMSP

and/or lobbying effortsInfrastructure – County and regional roads and

broadband/fiber accessWorkforce development – Workforce

Investment Board and working with local collegesCollaboration – Unified plan, market analysis,

planning assistance grants, and support/funding for First Stop Shop

Direct investments – Business incentives and assistance (economic gardening)

Local (ENM) DevelopmentLand use and transportation analysis of I35

and County road 2 interchange areaTAP Grants ($15,000 to the city) via CDAMaxfield Research – Commercial/Industrial

Market AnalysisBroadband/fiber access and infrastructureMarket Village Mixed Use Development

Company Sector Investment JobsTrystar* Manufacturing $15 million 180Emerson* Electronics/Manufacturing $71 million 500Beckhoff Automation/Technology $7.2 million 45Sanmar* Distribution $43 million 350Compass* Data center $94.7 million 20Southern Wine & Spirits Distribution $5 million 200MWI Vet Supply Distribution $2.4 million 50Datacard Group* Technology $27 million 860Shutterfly* Manufacturing $60.8 million 329My Pillow Manufacturing $3.2 million 50Sick Inc. Manufacturing $1.5 million 120Chart* Manufacturing $23 million 80FedEx Distribution $5.6 million N/AImagine Print Solutions Printing $6.1 million 300Certain Teed Manufacturing $20 million N/ATE Connectivity Manufacturing $25 million 400Market Village* Mixed Use (Housing / Library) $8.8 million 3Brentwood Court* Mixed Use (Housing, Library, Clinic and

Pharmacy)$10 million 11

Recovery Technology Solutions

Recycling $20 million 22

TOTAL $449.3 million

3,520

Scott County Unemployment Rates

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%6.10%

5.60% 5.50%5.00%

4.40%4.90% 4.70% 4.60%

Source: Minnesota Department of Employment and Economic DevelopmentNote: Seasonally Adjusted Rates (August 2013) – U.S. 7.3% & Minnesota 5.1%

Scott County Workforce

2007 2008 2009 2010 2011 2012 201372,00072,50073,00073,50074,00074,50075,00075,50076,00076,50077,000

73,873

75,483

76,204

74,110

74,81375,373

76,649

Source: Minnesota Department of Employment and Economic Development

Scott County Average Weekly Wages

(Private Sector)

2007 2008 2009 2010 2011 2012 2013$700$720$740$760$780$800$820$840$860$880

$759$777

$753

$792$805

$838$859

Source: Minnesota Department of Employment and Economic Development

Thank You.Questions?