3. Initiation of City/County Committee Process
Resolution # A temporary committee to study cost saving measures and ideas between Chemung County and the City of Elmira.

4. City/County Committee Members
Chairperson - John Burin, Vice-Chairperson, Chemung County Legislature, Chemung County Legislator District 9
Dan Mandell, Mayor, City of Elmira
Joe Duffy, Elmira City Councilman District 3
Dave Vandermark, Former Elmira City Chamberlain
Christina Sonsire, Chemung County Legislator District 7
Marty Chalk, Chemung County Legislator District 10
Bill McCarthy, Chemung County Legislator District 12
Scott Drake, Chemung County Legislator District 13

5. Background

6. Restructuring Board – conducted a comprehensive review of city operations, finances, management practices and economic base.
City Bond Rating – Ba3 with a stable outlook from Moody’s.
Health Insurance – cost overruns could undermine all of the committee’s recommendations.
Real Property – 38% of tax base and 25% of land area is tax exempt.
Tax Base – the city lost $18,772,712 of taxable assessed valuation from through 2018.
CCIDA – PILOT incentives for new developments generate zero tax dollars and will generate only 17% of the full value tax over the life of the PILOT. Current PILOTs represent $131,366 of non-collectible tax this year.

7. Impact of exemptions & lost tax base for 2019
Exemption Valuation $328,291,498 $26.70/1000 $8,765,383 Lost Tax Base $ 18,772,712 $26.70/1000 $ 501,200 PILOTs $ 131,366 TOTAL $9,397,949

8. Projected City Fund Balance 2019-2023

9. Public Safety Costs

10. New Economic Activity

11. #1 Mark Twain Golf Course

13. Mark Twain Golf Course Community asset Currently pays taxes
Operated in the “red” three of the last five years
Sale v. Lease – Home Rule Legislation
City gets a guaranteed revenue stream and/or debt reduction
County operation reduces operating cost – tax exempt
Operating deficits are spread over a larger base

14. #2 Sales Tax

15. Sales Tax
History & Empire Zone

16. Cost of housing and protecting tax exempt property per capita
Sales Tax Analysis
Cost of housing and protecting tax exempt property per capita

19. Municipal fund balance per capita
Sales Tax Analysis
Municipal fund balance per capita

22. Municipal fund balance to expense ratios
Sales Tax Analysis
Municipal fund balance to expense ratios

24. Municipal sales tax & expenses per capita
Sales Tax Analysis
Municipal sales tax & expenses per capita

27. Municipal sales tax to expense ratios
Sales Tax Analysis
Municipal sales tax to expense ratios

29. Sales Tax Redistribution
Step #1 No change to current sales tax agreement. Debt reduction plan for the city based on reductions to the operating budget.

30. Sales Tax Redistribution
Step #2 – Option A Increase sales tax by 0.05% in Projected annual increase to the County = $5,266,206 and to all others = $1,831,107. Half of new revenue goes to the city, remainder is allocated to remaining towns and villages with an additional percentage to municipalities with police departments.

31. What .05% would have done last year

35. Sales Tax Redistribution
Step #2 – Option B Increase sales tax by 0.075% in Projected annual increase to the county = $7,899,309 and to all others = $ $2,746,660 Half of new revenue goes to the city, remainder is allocated to remaining towns and villages with an additional percentage to municipalities with police departments.

37. Sales Tax Redistribution
Step #2 – Option C No increase in sales tax in No change to the county’s allocation. Redistribution of sales tax revenue to the city, towns and villages based on the committee’s sales tax analysis.

40. #3 Bridges

42. #4 City Debt

45. No county impact.
Short term borrowing should not increase liabilities beyond assets.
Reduce short term borrowing over a two to three period to achieve a 1:1 ratio.
Long term borrowing should not exceed what was paid down in the previous year.
Excess long term borrowing should be itemized and authorized via City Council resolution.

46. #5 Sanitation

48. #6 Elmira College & LECOM

50. No county impact Create an advisory committee to oversee the development of a master plan for economic development opportunities related to LECOM, Elmira College and the city. Use new formed base zoning to create a College Town connecting the college and downtown. City and college meet monthly to discuss grants, tuition based public service fees, community issues etc. Expand student intern opportunities involving city services such as code enforcement and animal control.

51. #7 Room Tax

54. #8 Financial Services

56. #9 Public Safety