Elko New Market Chamber of Commerce

State of the County

September 24, 2013

Board Direction/Goals

Provide long term fiscal stability while minimizing tax impacts

Provide 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/Tactics

Minimize tax impacts: No significant increases in the property tax levy

Ensure 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

Dakot

a (8

7)

Anok

a (8

4)

Was

hing

ton

(83)

Scot

t (80

)

Ramse

y (7

0)

Carve

r (69

Henne

pin

(49)

$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

Dakot

a

Was

hing

ton

Scot

t

Anok

a

Carve

r

Henne

pin

Ramse

y0.00%

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) Transportation

County 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 efforts

Infrastructure – County and regional roads and broadband/fiber access

Workforce development – Workforce Investment Board and working with local colleges

Collaboration – Unified plan, market analysis, planning assistance grants, and support/funding for First Stop Shop

Direct investments – Business incentives and assistance (economic gardening)

Local (ENM) Development

Land use and transportation analysis of I35 and County road 2 interchange area

TAP Grants ($15,000 to the city) via CDAMaxfield Research – Commercial/Industrial

Market AnalysisBroadband/fiber access and infrastructureMarket Village Mixed Use Development

Company Sector Investment Jobs

Trystar* Manufacturing $15 million 180

Emerson* Electronics/Manufacturing $71 million 500

Beckhoff Automation/Technology $7.2 million 45

Sanmar* Distribution $43 million 350

Compass* Data center $94.7 million 20

Southern Wine & Spirits Distribution $5 million 200

MWI Vet Supply Distribution $2.4 million 50

Datacard Group* Technology $27 million 860

Shutterfly* Manufacturing $60.8 million 329

My Pillow Manufacturing $3.2 million 50

Sick Inc. Manufacturing $1.5 million 120

Chart* Manufacturing $23 million 80

FedEx Distribution $5.6 million N/A

Imagine Print Solutions Printing $6.1 million 300

Certain Teed Manufacturing $20 million N/A

TE Connectivity Manufacturing $25 million 400

Market Village* Mixed Use (Housing / Library) $8.8 million 3

Brentwood 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 201372,000

72,500

73,000

73,500

74,000

74,500

75,000

75,500

76,000

76,500

77,000

73,873

75,483

76,204

74,110

74,813

75,373

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?