1. Town Hall Meeting May 6, 2017 Bond Election
Presented by Mayor Kimberly Fitzpatrick
Date: March 30, 2017

3. Agenda Mayor & Council’s Vision for DWG
Condition of DWG’s Infrastructure
City Hall
Streets, Water/Sewer, Drainage
Proposed Bond Election
DWG’s Sources of Revenue
To support debt
To fund operations
DWG Current Financial Situation
Funding Operations

4. Mayor & Council’s Vision for DWG
November 2016 Strategic Visioning Workshop
Pillars of the Future Vision
1) Financial stability-We are closing the gap but still need more revenue
2) Improve the appearance of City of DWG
3) Operations Excellence
4) Infrastructure upgrades and improvements-Bond Election/Capital Improvement Plan
5) Responsibly planned economic development which will drive much needed sales tax and property tax into our City
6) Educational Excellence
7) Build a positive image reputation as a destination to live, work and shop

5. Condition of DWG’s Infrastructure

6. City Hall Left: City Council Chambers Right: Front Desk Back Office
Left: Server Room
Right: Sargent’s Office

7. Water Damage

8. Exterior

9. Storage
Above Court Room: Records
Fire Bay
Above Court Room: Records

10. Streets, Water/Sewer, Drainage
Infrastructure assessment by Westra on evaluation of streets, water/sewer, drainage. $4 million of projects identified to be funded with bond.

11. Mayor & Council Proposed Bond Election to Address Critical Infrastructure Needs
Citizens will Decide: Yes or No

12. Mayor & Council’s Bond Proposal
Proposition 1 – Issuance of $4 Million in Bonds for Infrastructure Improvements
Proposition 2 – Issuance of $2 Million in Bonds for City Hall Improvements

13. Phased Debt Issuance Strategy

14. DWG’s Sources of Revenue
To Fund Debt:
Property Tax (I&S)
To Fund Operations
Property Tax (M&O)
Franchise fees from utilities
Sales Tax
Court Fees (Fines)
Water, sewer & solid waste (dedicated to support water, sewer & solid waste services)
Oil & Gas Royalties (potentially at risk)

15. Overview of Financial Situation

16. Alternatives to Stabilize General Fund Operations
Alternative 1 – Reduce Cost
Staff is approximately 70% of city’s budget
Staff reductions would result in:
Fewer public safety officers
Fewer public works staff to maintain our streets, parks, water & sewer
Less investment to maintain our streets, water/sewer & parks
Alternative 2 – Raise Property Tax Rate (M&O)
Funds current operations
Progresses toward not relying on gas royalties for operations (save for investments in our infrastructure and capital assets)
For 2018 will require a $.05 increase in M&O tax
Council will consider these alternative during budget deliberations this summer
Will involve citizen via town hall meetings
Ultimately citizens can call for an election to roll back the rate to the current rate

17. Overall Impact on Tax Rate (with Increased M&O Tax)
2017
2018
2019
2020
I&S Property Tax Rate
$0.0362
$0.0803
$0.0981
$0.1186
M&O Property Tax Rate
$0.2378
$0.2878
$0.3050
$0.3233
Total Tax Rate
$0.2740 $
$0.4031
$0.4419

18. DWG vs. Other Cities DWG = .27 Pantego = .42 Arlington = .64
Grand Prairie = .67
Mansfield = .71
Midlothian = .71
Kennedale = .77
Fort Worth = .84

19. Questions?