state of the township

State of the Township

P re s e nte d b y T h e Wo o d l an d s Tow n s h i p C h a i r m an o f t h e B o a rd

Gordy Bunch

The Woodlands Area Economic Development Partnership Quarterly Partner Luncheon Series

JANUARY 10, 2017

The Woodlands

2

2,000 businesses

Valuation of approximately $20 billion

2017 State of the Township

40,000 residences

63,000 jobs

Total Population

More than

113,500


Success of The Woodlands

Success of The Woodlands

2017 State of the Township 4

The Woodlands Township Board of Directors

5

Chairman Gordy Bunch

Vice Chairman John P. McMullan

Secretary Laura Fillault

Treasurer Ann Snyder

Director Brian Boniface

Director John Anthony Brown

Director Bruce Rieser


The Woodlands Township


Manages 32,000 tons of garbage and 12,000 tons of recycling

A fire department ranks top 60 in North America of 47,000

PublicSafety

Law Enforcement personnel operate locally out of our center on Grogan’s Mill Road

Fires

WasteServices



Pools

Parks

Covenants

Rangers work day and night throughout The Woodlands

300 lifeguards watch over more than 300,000 pool visitors

Manages and maintains 39,700 property files. Reviewed and processed 7,100 property improvement applications



Economic Development

CommunityMaintenance

CVB

Works to secure The Woodlands remains as a leading place in the U.S. for corporate relocation, job growth, retail hub and entertainment center.

Working to position The Woodlands as a great place to visit and hold meetings

More than 200 miles of pathways, cul-de-sacs and public spaces



Streetscape / Street Lighting

Transit Services

Recreational

The Woodlands Express provides about 650,000 passenger trips per year. The Town Center Trolley now operates on 10 minute frequency during peak operations.

• $4,747,682 streetscape maintenance, including 886 neighborhood and village entries.

• 6,295 streetlights

• Over 21,000 recreation program registrations• Approximately 2,000 programs offered per year

The Woodlands Township2017 Law Enforcement Contracted Services

• Montgomery County Sheriff’s Office – District 6

• Zone 1: Grogan’s Mill

• Zone 2: Panther Creek

• Zone 3: Indian Springs

• Zone 4: Sterling Ridge

• Zone 5: Alden Bridge

• Zone 6: Cochran’s Crossing

• Zone 7: College Park

• Zone 8: Town Center


• Harris County Constable’s Office – Precinct 4

• Zone 9: Creekside Park

• Montgomery County Constable’s Office – Precinct 3

• Safe Harbor Investigators and Internet Crimes Investigator

• Montgomery County Justice of the Peace – Precinct 3

The Woodlands Township2017 Law Enforcement Patrol Zones


9

Other Law Enforcement Resources - Authorities


• Harris County Sheriff’s Office

• Harris County Fire Marshall

• Harris County District Attorney’s Office

• Montgomery County Fire Marshall

• Montgomery County District Attorney’s Office

• Texas Department of Public Safety

• Highway Patrol Division

• Texas Rangers Division

• Emergency Management Division

• Texas Parks & Wildlife

• Texas Alcoholic Beverage Commission

• Texas Attorney General

• School Police

• Conroe ISD Police Department

• Magnolia and Tomball ISD’s do not have their own Police force, they contract with local law enforcement

• FBI - Federal Bureau of Investigation

• ATF – US Bureau of Alcohol, Tabaco, Firearms and Explosives

• DEA – Drug Enforcement Administration

• ICE – US Immigration and Customs Enforcement

What is The Woodlands Township’s Current Financial Condition?

• A strong business climate that produces sales tax and hotel room tax revenues which fund almost 50% of the total budget.

• Favorable bond ratings indicate the Township’s bonds are of excellent investment quality.

AA - Standard & Poor’sA1 – Moody’s

The Woodlands Township is in excellent financial condition as evidenced by:


Current Financial Condition

• Rating agencies commented on the Township’s:

Prudent fiscal management

Strong tax base

Substantial reserve balances for operations, capital replacement and economic development

• Low debt to capita ratio of $675


$23.7

$16.8

$6.6

$2.8

$2.5

$2.0

$- $5.0 $10.0 $15.0 $20.0 $25.0

Capital Replacement

Operating Reserve

Debt Service Fund/Reserve


Incorporation Reserve

Road and Bridge Fund

Millions

The Woodlands TownshipYear-End 2016 Reserve Balances

The Woodlands Township2017 Adopted Budget


Operating revenues total

$124.1 million,

a 1.8% increase from the 2016 Forecast.

Sales tax, hotel tax, program, and other revenues account for 64% of the Township’s total

revenue sources, while property tax accounts for 36%.

The Woodlands Township2017 Adopted Budget

17

40% Sales Tax

36% Property Tax

7% Hotel

7% Progam Fees

6% Grants

4% Other

Revenue


The Woodlands Township Residential vs. Commercial Property Tax Values

$15.4 Billion,79%

$4.1 …

Tax Year 2016 (FY2017)

Residential

Commercial


The Woodlands Township’sProperty Tax Rate

FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

PROPERTY TAX RATETax Rate Per $100 Valuation

19

32.8¢ 32.74¢ 32.5¢ 31.7¢ 29.4¢25¢ 23¢


23¢

Comparison of Property Tax Rates


Conroe Frisco Houston McKinney Round Rock Sugar Land TheWoodlands

PROPERTY TAX RATETax Rate Per $100 Valuation

41.75¢45¢

60.11¢ 57.3¢

42.5¢

31.59¢23¢

Residential Properties


$337,126

$362,410

$391,403

$425,846

$446,713

2012 2013 2014 2015 2016

Average Home Value

Taxable Property Value of an Average Price Home in The Woodlands Township


Tax Year 2012 to 2016

The Woodlands TownshipTaxable Property Values FY2012 - 2017

$12.6 $13.3 $14.5

$16.3 $18.4

$19.5

$- $2 $4 $6 $8

$10 $12 $14 $16 $18 $20

2012 2013 2014 2015 2016 2017

Valu

e in

Bill

ions

Taxable Value

23

2013 2014 2015 2016 2017

Increase-revaluation 4.2% 7.5% 8.0% 8.8% 4.9%

Increase-new property 1.3% 1.5% 4.4% 4.1% 1.0%

Taxable Property Value and Township Property Tax on an Average Price Home in The Woodlands Township


$337,126

$362,410

$391,403

$425,846

$446,713

$1,070 $1,065

$979

$979 $1,027

2012 Tax Year 2013 Tax Year 2014 Tax Year 2015 Tax Year 2016 Tax Year

Property Valuation

Township Property Tax on Average Price Home

Taxable Property Value and TOTAL Property Tax on an Average Price Home in The Woodlands Township


$337,126

$362,410

$391,403

$425,846 $446,713

$7,699 $8,160 $8,561

$9,222 $9,609

$-

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$300,000

$320,000

$340,000

$360,000

$380,000

$400,000

$420,000

$440,000

$460,000

2012 Tax Year 2013 Tax Year 2014 Tax Year 2015 Tax Year 2016 Tax Year

Property Valuation Total Property Tax on Average Price Home

$1,070 $1,065 $979 $979 $1,027

$1,631 $1,753 $1,866

$2,030 $2,085

$4,349 $4,657

$5,010

$5,451 $5,718

$404 $420 $423 $459 $482

$246 $263 $284 $302 $297

Township Montgomery County Conroe ISD Lone Star College Hospital District

Property Tax by Taxing Entity on Average Price Home in The Woodlands Township


2012 Total Tax 2013 Total Tax 2014 Total Tax 2015 Total Tax 2016 Total Tax

$7,699 $8,160 $8,561 $9,222 $9,609

Commercial Properties


Average Commercial Taxable Property Value and Township Property Tax


$4,200,000 $4,435,200 $4,617,043

$10,500 $10,201 $10,619

2014 Tax Year 2015 Tax Year 2016 Tax Year

Property Valuation

Township Property Tax on Average CommercialValue

Average Commercial Taxable Property Value and TOTAL Property Tax


$4,200,000

$4,435,200

$4,617,043

$106,987 $110,241 $111,317

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$3,000,000

$3,200,000

$3,400,000

$3,600,000

$3,800,000

$4,000,000

$4,200,000

$4,400,000

$4,600,000

$4,800,000

2014 Tax Year 2015 Tax Year 2016 Tax Year

Property Valuation Total Property Tax on Average Commercial Property

$10,619

$21,548

$59,098

$4,977 $3,070

$12,004

Township Montgomery County Conroe ISD Lone Star College Hospital District WRUD

2016 Property Tax by Taxing Entity on Commercial Property with

Average Taxable Value in The Woodlands Township


$39.5

$45.0 $49.3 $51.3 $50.1

$-

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

2012 2013 2014 2015 2016

Mill

ion

s

The Woodlands TownshipSales and Use Tax Revenue 2012 to 2016


$6.0 $6.5

$7.3 $7.8 $7.9

$-

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

2012 2013 2014 2015 2016

Mill

ion

s

The Woodlands TownshipHotel Occupancy Tax Revenue 2012 to 2016


The Woodlands Township Accomplishments

Permanent Home for The Ice Rink at Town Center



New Gosling Road Sports Field Complex



Turf Improvements at Town Green Park



Northshore Park Renovation



• Township Tax Abatements for corporations• The Woodlands Waterway Marriott Convention Center• The expansion of The Pavilion from 13,000 to 17,000 capacity• Expansion of the outdoor shopping at The Woodlands Mall• The creation of Market Street• Building Waterway Square• Development of Town Green Park• Securing Costco

Township Economic Investments


• The Woodlands Area Economic Development Partnership• The Woodlands Area Chamber of Commerce• Opportunity Houston• Center for Houston’s Future• Leadership Montgomery County • Interfaith• YMCA

Township Strategic Partners


Economic Development – Hughes Landing

• Continued development at Hughes Landing.

• The new Embassy Suites Hotel at Hughes Landing opened its doors in early 2016.

• New restaurant / retail slated to open in early 2017.


Economic Development – The Waterway

• The Westin The Woodlands, a 302-room luxury hotel in Waterway Square opened in March of 2016.


Economic Development – The Woodlands Mall

• Dick’s Sporting Goods

• New parking garages –482 spaces gained



Wulfe & Company, Inc. is developing East

Shore Place.

Texas Children’s The Woodlands Hospital

has opened their outpatient services

Houston Methodist The Woodlands Hospital

opened its medical office building


• Drives demand for 820,000 hotel nights annually in The Woodlands.

• Creates new revenue for local businesses.

• Increases sales and hotel occupancy tax for The Woodlands Townships general fund.

Tax revenue generated by the tourism industry is invested back into improving The Woodlands Township infrastructure and programs.

45

(Research gathered from the 2016 CVB Brand Development Research and the 2015 Texas Travel Economic Impact Study – Office of the Governor, Economic Development & Tourism)

Visitors to The Woodlands


46

CVB 2017 Brand & Advertising Campaign


• Elevating The Woodlands brand nationally as a place for corporate meetings, conventions, reunions, leisure travel sporting events and more.

• Create and develop an advertising campaign that will address all market segments.

• Participation in some of the country’s largest travel tradeshows.

47

The future…


Commercial / Industrial completed and started square footage) 2016 Ultimate

Retail / Hospitality / General Commercial 10.9 million 13.7 million

Office 11.7 million 14.9 million

Industrial / Technical 3.3 million 4.4 million

Institutional 8.1 million 8.5 million

Total Non-Residential 34.0 million 41.5 million

Source: The Woodlands® Development Company

48

The future…


Residential (completed and started units) 2016 Ultimate

Homes 33,370 34,775

Apartments & Assisted Living 8,505 11,190

Attached Homes 3,715 5,140

Total Units 45,590 51,105


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The future…


Other 2016 Ultimate

Employers 2,182 2,763

Employees 63,030 79,820

Population Statistics Montgomery County

The Woodlands

2015 Estimate & The Woodlands (actual) 517,165 112,505

12/2020 (projection) 588,348 122,010

Ultimate (projection) N/A 130,800


Looking Forward in 2017

• 2018 Budget and Five-Year Plan

• Bear Branch Park Master Plan Update

• Cultural Arts Study

• Acquisition of YMCA Creekside Park Property

• Renovation of YMCA Facility

• Residential Survey

• Legislative Planning

• Purchase of Ladder Trucks


www.TheWoodlandsTownship-tx.gov

state of the township

Documents