COMPARATIVE INDICATORS TO OTHER David Bradley …...Source: Budget and Management Services and Real Estate Assessor’s Report Virginia Beach Chesapeake Norfolk Portsmouth Suffolk

COMPARATIVE INDICATORS TO OTHER

HAMPTON ROADS’ CITIES

David Bradley

January 13, 2015

EXPENDITURES BY CATEGORY - FY 2012-13 ALL FUNDS

Source: Virginia Auditor of Public Accounts

12.6% 16.5% 18.4% 20.0% 16.6% 15.2% 17.8%

44.5%47.7% 36.1% 34.2%

38.9%

37.7%38.7%

11.3% 7.1% 7.7%19.5%

6.1%14.1% 11.3%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

VirginiaBeach

Chesapeake Norfolk Portsmouth Hampton NewportNews

Suffolk

Debt Service Enterprise ActivitiesCommunity Development Parks, Recreation, and CulturalEducation Health and WelfarePublic Works Public Safety and Judicial AdministrationGeneral Government Administration

2

LOCAL REVENUE BY TYPEFY 2012-13


49.7% 55.1%42.9% 50.3% 43.6% 41.7%

49.9%

7.3%10.5%

9.9%11.6%

8.2% 14.7%9.4%

13.3%5.7%

12.7% 15.1% 20.0% 13.9% 16.5%

0%

20%

40%

60%

80%

100%

VirginiaBeach

Chesapeake Norfolk Portsmouth Hampton NewportNews

Suffolk

Real Estate Taxes Personal and Business Property TaxesOther Local Taxes BPOLMeals Tax Consumer Utility TaxesLocal Sales and Use Tax Revenue from the Use of Money and PropertyMiscellaneous Revenue Charges for Service

3

COMPARISON OF MAJOR LOCAL TAXES

AND FEES

REAL ESTATE TAX RATEPER $100 OF ASSESSED VALUE

Source: Budget and Management Services

$0.93 $1.05

$1.15 $1.27

$1.03

$1.24 $1.22

$-

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

VirginiaBeach

Chesapeake Norfolk Portsmouth Suffolk Hampton NewportNews

5

PERSONAL PROPERTY TAX RATE

VEHICLES AND BUSINESS


$3.70 $4.08 $4.33

$5.00 $4.25 $4.25 $4.50

$0.30

$0.25

$-

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

VirginiaBeach


$4.00

$4.50

6

HOTEL TAX RATE


8.0% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

VirginiaBeach


7

MEAL TAX RATE


5.5% 5.5%

6.5% 6.5% 6.5%

7.5% 7.5%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

VirginiaBeach


8

ADMISSIONS TAX


10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

VirginiaBeach


9

AUTOMOBILE LICENSE FEEVEHICLES UNDER 4,000 POUNDS


$25.00 $23.00 $26.00 $25.00 $26.00

$35.00

$26.00

$7.00

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

VirginiaBeach


$32.00

10

CIGARETTE TAX RATEPER PACK


$0.70

$0.50

$0.75 $0.60

$0.50

$0.80 $0.85

$0.05 $0.30

$-

$0.20

$0.40

$0.60

$0.80

$1.00

VirginiaBeach


$0.80

$0.90

11

RESIDENTIAL STORM WATERMONTHLY RATE PER ERU


$12.65

$7.35

$10.24 $9.25

$5.24 $6.99

$8.00

$0.52

$0.28

$0.76

$1.75

$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

VirginiaBeach


$9.75

$6.00

$10.52

$13.17

12

MONTHLY WATER & SEWER BILL ASSUMING 6,000 GALLONS CONSUMED

Source: Virginia Beach Public Utilities Department

$58.63 $71.73 $63.81 $55.83

$114.92

$59.95 $50.23

$3.05

$3.47 $2.33

$3.46

$5.00

$1.00

$-

$20

$40

$60

$80

$100

$120

$140

VirginiaBeach


13

TRASH COLLECTION FEEMONTHLY


$21.36 $27.01

$33.36

$17.50 $18.42

$27.08

$1.00 $2.17

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

VirginiaBeach


($1.00)

$16.50

$28.01$29.25

14

COMPARISON OF FY 2014-15 TAX IMPACT

Source: Budget and Management Services and Real Estate Assessor’s Report

Virginia Beach Chesapeake Norfolk Portsmouth Suffolk Hampton

Newport News

Real Estate Tax $2,054.37 $2,319.45 $2,540.35 $2,805.43 $2,275.27 $2,739.16 $2,694.98Personal Property Tax 262.79 261.51 312.23 376.56 320.08 310.06 310.06Electricity Utility Tax 36.00 45.00 45.00 40.80 36.00 36.00 36.96Gas Utility Tax 36.00 22.56 18.00 36.00 36.00 28.80 18.12Va Telecommunications Tax 70.68 70.68 70.68 70.68 70.68 70.68 70.68Water Utility Tax 36.00 None 67.50 84.00 None None NoneRestaurant Tax 273.84 273.84 299.92 299.92 299.92 326.00 326.00Admissions Tax 47.60 47.60 47.60 47.60 47.60 47.60 47.60Vehicle License Decal 50.00 46.00 52.00 64.00 52.00 70.00 52.00Stormwater Utility Fee 158.04 88.20 126.24 111.00 72.00 83.88 117.00Residential Refuse Fee 256.32 None 336.12 400.32 198.00 221.04 351.00Water & Sewer 740.16 902.40 793.68 669.96 1,420.56 779.40 614.76

Total Tax Impact $4,021.80 $4,077.24 $4,709.32 $5,006.27 $4,828.11 $4,712.62 $4,639.16

Difference $0.00 $55.44 $687.51 $984.47 $806.31 $690.82 $617.36

Note: This comparison is based on the median home value ($220,900) in Virginia Beach for FY 2014-15.

15

ECONOMIC VITALITY

TAXABLE SALES

Source: Virginia Department of Taxation

$5,065

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

2007 2008 2009 2010 2011 2012 2013

Mill

ions

Calendar Year

Virginia Beach Chesapeake Norfolk Portsmouth

Suffolk Hampton Newport News

17

TAXABLE SALES PER CAPITA

Source: Weldon Cooper Center

$-

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

2007 2008 2009 2010 2011 2012 2013Calendar Year

Virginia Beach Chesapeake Norfolk PortsmouthSuffolk Hampton Newport News

18

MEDIAN HOUSEHOLD INCOME

Source: US Census Bureau American Community Survey

$62,855

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

2007 2008 2009 2010 2011 2012 2013Calendar Year


19

PER CAPITA INCOME

Source: US Department of Commerce Bureau of Economic Analysis

$50,662

$25,000

$35,000

$45,000

$55,000

2007 2008 2009 2010 2011 2012 2013Calendar Year



20

COMPARISON OF UNEMPLOYMENT RATES - NOVEMBER

Source: U.S. Bureau of Labor Statistics - Local Area Unemployment Statistics Database

4.5% 4.5%

5.9%6.4%

5.2%5.8% 5.7%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

VirginiaBeach

Chesapeake Norfolk Portsmouth Suffolk Hampton NewportNews2013 2014

21

QUALITY EDUCATION AND LIFELONG LEARNING

SCHOOL OPERATING EXPENDITURES PER PUPIL

LOCALLY FUNDED

Source: Virginia Department of Education Superintendent's Annual Report

$5,237

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

2007 2008 2009 2010 2011 2012 2013Fiscal Year



23

SCHOOL OPERATING EXPENDITURESCITY CONTRIBUTION AS A PERCENT OF TOTAL

Source: Virginia Department of Education Superintendent's Annual Report

48.3%

15.0%

25.0%

35.0%

45.0%

55.0%

2007 2008 2009 2010 2011 2012 2013Fiscal Year



24

EDUCATIONAL ATTAINMENT RESIDENTS AGE 25 OR OLDER - 2013

Source: US Census Bureau, American Community Survey

11.9% 10.7% 9.7%7.3%

10.7%7.1%

9.3%

34.7%

28.5%26.1%

21.0%

28.1%

22.2%23.7%

0.0%

10.0%

20.0%

30.0%

40.0%

VirginiaBeach


Graduate or Professional Degree Undergraduate Degree

25

HIGH SCHOOL GRADUATION RATES

Source: Virginia Department of Education

88.5%

92.9%

78.9%

85.1% 86.4%83.9%

88.0%

60.0%

70.0%

80.0%

90.0%

100.0%

VirginiaBeach


2013 2014School Year

26

SAFE COMMUNITY

PUBLIC SAFETYEXPENDITURES PER CAPITA


$472.97

$300

$400

$500

$600

$700

$800

$900

$1,000

2007 2008 2009 2010 2011 2012 2013Fiscal Year



28

PROPERTY CRIME RATEPER 1,000 RESIDENTS

Source: Virginia State Police, Crime in Virginia

25.3 27.0

44.0

55.8

29.832.5 30.8

0.0

10.0

20.0

30.0

40.0

50.0

60.0

VirginiaBeach


2012 2013

29

VIOLENT CRIME RATE

Source: Virginia State Police, Crime in Virginia

1.5

3.2

5.66.0

2.9

2.1

4.3

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

VirginiaBeach


2012 2013

30

QUALITY PHYSICAL ENVIRONMENT

PUBLIC WORKSEXPENDITURES PER CAPITA

Source: Auditor of Public Accounts

$247.29

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

2007 2008 2009 2010 2011 2012 2013Fiscal Year


32

PERCENT OF WASTE STREAM RECYCLED

Source: Hampton Roads Planning District Commission

39.9%

22.0%

26.3%

18.4%

6.4%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

Virginia Beach Chesapeake Norfolk Suffolk Portsmouth

2012 2013

33

FAMILY AND YOUTH OPPORTUNITIES

HEALTH AND WELFAREEXPENDITURES PER CAPITA


$270.24

$0

$100

$200

$300

$400

$500

$600

2007 2008 2009 2010 2011 2012 2013Fiscal Year



35

POVERTY RATEINDIVIDUALS

Source: Census Bureau - American Community Survey

8.8% 9.3%

22.4%21.3%

9.5%

15.7%17.6%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

VirginiaBeach


2012 2013

36

PERCENT OF RESIDENTS RECEIVING

SNAP BENEFITS

Source: Virginia Department of Social Service, US Census Bureau, Weldon Cooper Center

7.9%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

2007 2008 2009 2010 2011 2012 2013Fiscal Year



37

STUDENTS ELIGIBLE TO RECEIVE FREE

OR REDUCED PRICE LUNCH

Source: Virginia Department of Education

Note: The 2012 figure for Virginia Beach is corrected from prior years of this report

36.2%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

2007 2008 2009 2010 2011 2012 2013 2014School Year



38

CULTURAL AND RECREATIONAL

OPPORTUNITIES

PARKS, RECREATION, AND CULTURAL

EXPENDITURES PER CAPITA


$152.31

$0

$50

$100

$150

$200

$250

$300

2007 2008 2009 2010 2011 2012 2013Fiscal Year



40

ADULTS NOT MEETING PHYSICAL ACTIVITY RECOMMENDATIONS

IN THE PAST 30 DAY

Source: The Virginia Atlas of Community Health

50.0%

52.0%

55.0%

51.0%52.0%

51.0% 51.0%

40.0%

45.0%

50.0%

55.0%

60.0%

VirginiaBeach


41

QUALITY ORGANIZATION

COMPARISON OF ELDERLY TAX RELIEF PROGRAMS FY 2014-15

Compiled by Virginia Beach Commissioner of the Revenue’s Office

Virginia Beach

Chesa-peake

Hampton Newport News

Ports-mouth

Suffolk Norfolk

Exemption Program Offered

Yes Yes No No Yes No Yes

Maximum Income to Receive 100% Exemption

$48,009 $22,000 N/A N/A $21,000 $44,359 $28,611

Freeze Program Offered Yes Yes Yes No Yes No No

Income Range for Freeze

$0 to $68,293

$44,001 to $62,000

$0 to $50,000 N/A $30,001 to

$50,000 N/A N/A

Deferral Program Offered

Yes No Yes Yes No No Yes

Income Range for Deferral

$0 to $68,293 N/A $0 to

$50,000$0 to

$50,000 N/A N/A $0 to $67,000

43

TOTAL OPERATING EXPENDITURES PER CAPITA

EXCLUDES ENTERPRISE ACTIVITIES, DEBT AND CAPITAL


$3,100

$2,500

$2,800

$3,100

$3,400

$3,700

$4,000

2007 2008 2009 2010 2011 2012 2013Fiscal Year



44

TOTAL EXPENDITURES PER CAPITAINCLUDES OPERATIONS, CAPITAL, DEBT, AND

ENTERPRISE ACTIVITIES


4,195

$2,000

$3,000

$4,000

$5,000

$6,000

2007 2008 2009 2010 2011 2012 2013Fiscal Year



45

BOND RATING

Source: Each City’s 2014 CAFR (Norfolk is from 2013 CAFR)

Virginia Beach Chesapeake Norfolk Portsmouth Suffolk Hampton

Newport News

Standard & Poor's AAA AAA AA+ AA AA+ AA+ AA+Moody's Aaa Aa1 Aa2 Aa2 Aa2 Aa1 Aa1Fitch AAA AAA AA+ AA AA+ AA+ Data NA

2014

46

CITIZEN SURVEY DECEMBER 2013

93.8% are satisfied with City services overall

92.3% are satisfied with the appearance of the City

96.0% believe Virginia Beach is a good place to live

94.8% believe Virginia Beach is a safe place to live

47

CONCLUSIONSOverall, low cost provider per capita in the region

Low overall tax rates compared to the region

Citizens value the services the City provides

48

Documents

COMPARATIVE INDICATORS TO OTHER David Bradley …...Source: Budget and Management Services and Real Estate Assessor’s Report Virginia Beach Chesapeake Norfolk Portsmouth Suffolk