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Status Indicators: Proceeding as Anticipated |  Monitoring Progress | Reviewing for Improvement | Information Unavailable

Status Indicators:
Proceeding as Anticipated
 Monitoring Progress
Reviewing for Improvement
Information Unavailable

Measure and Definition | click on each measure for more information

Measure and Definition |
Click on each measure for more information.

Actual

Target

Results

 

Sales Tax

This target and status for this measure reflects the sales tax collections per capita (based on a population of 87,730 per the City's FY17 Budget Book) in the City of Sugar Land. Sales tax collections will be reported on a quarterly basis.

An increase in sales tax per capita each fiscal year. The target is >$599/capita (Year To Date). This target reflects increasing the economic vitality of the City. Sales tax collections will be reported on a quarterly basis.

 

 

$ 283.00 $ 599.00 Q2-17

 

 

Hotel Occupancy

Rooms sold divided by rooms available multiplied by 100. Occupancy is expressed as a percentage of available rooms occupied. Formula: ( Rooms Sold / Rooms Available ) X 100. The hotel occupancy figures reported here are an average of the three months of the quarter.

The target is ≥70%, which is based on the historic hotel occupancy in the City.

 

 

66% 70% Q2-17

 

 

Event Attendance Selected Destination Venues

Event attendance includes the number of estimated attendees at the following Selected Destination Venues: Smart Financial Centre at Sugar Land, Constellation Field, Sugar Land Town Square Plaza, and the Houston Museum of Natural Science at Sugar Land.

Attendance is calculated by management estimates, ticket sales or a combination of the two methods. Please note that results for the Smart Financial Centre will not become available until FY 2018.

 

 

View Full Details FY 2016

 

 

Economic Development - Investment Created

This measure encompasses Capital Expenditures Investment, including investment through the full life of the incentive agreement, for all incentive agreements approved and established during a fiscal year. The City of Sugar Land’s fiscal year runs from October 1 through September 30.

The target is ≥$40,000,000, which is based on performance better than or equal to the trailing 10-year average of investment created, as required in a company’s performance obligations, through the full life of the city’s various incentive agreements.

 

 

$11,825,000 $40,000,000 Q2-17

 

 

Economic Development - Jobs Created

This measure includes required new employees, including employees required through the full life of the agreement, for all incentive agreements approved and established during a fiscal year. The City of Sugar Land’s fiscal year lasts from October 1 through September 30.

The target for this measure is performance better than or equal to the trailing 10 year average of the number of jobs created as a result of the company's performance obligations, which are set forth in the city's numerous Economic Development Incentive Agreements.

 

 

503 500 Q2-17

 

 

Commercial Vacancy Rate

Percentage of current capacity not occupied by tenants in Office, Industrial, and Retail commercial space within the City of Sugar Land.

The target is set at less than or equal to 10%, which is considered a sensible target equilibrium in the occupancy of commercial space.

 

 

View Full Details Q2-17

 

 

Commercial Permits

Dollar value ($) of all permits for new commercial construction. This metric will be reported in regards to non-taxable and taxable entities.

Taxable permit values are subject to taxation, and represent property uses including, but not limited, to entertainment venues and retailers. Non-taxable, or tax exempt, permit values is a term that pertains to property used for education, religious, or charitable purposes.

Performance above the 3 year trailing average for permit values for taxable and non-taxable entities. The target for FY17 is ≥$157, 177, 860.

 

 

$45,451,612 $157,177,856 Q2-17

 

 

Commercial Assessed Valuation

The City of Sugar Land’s commercial property tax revenue, percentage change, and assessed valuation of commercial property as a percentage of the tax roll as reported annually by the Fort Bend County Central Appraisal District.

The target is based on a historical three-year trailing average of commercial property tax revenue prior to rebate distribution as a percent of total property tax revenue collected between residential and commercial entities. Historically, commercial property tax revenue makes up an average of 35% of the City’s property tax revenue.

 

 

36% 35% FY 2017

 

 

Residential Revaluation

The assessed revaluation and new valuation for residential property in the City as reported annually by the Fort Bend County Central Appraisal District.

An increase in the revaluation of residential property within the City of Sugar Land from the previous year’s assessed residential valuation. The target value of ≥3% (revaluation) is intended to represent the desire of the City to foster stability and growth in property values for residents.

 

 

3.6% 3.0% FY 2017

 

Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY.