Strong Local Economy
Status Indicators: Proceeding as Anticipated | Monitoring Progress | Reviewing for Improvement | Information Unavailable
Proceeding as Anticipated
Reviewing for Improvement
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. CY denotes Calendar Year.
In the 4th quarter, 15 commercial permits were issued:
- 7 in July totaling $19,753,725
- 4 in August totaling $2,122,599
- 4 in September totaling $7,537,151
Total commercial permit value for the 4th quarter: $29,413,475
Total commercial permit value for Fiscal Year 2019: $87,387,700
For Fiscal Year 2019 year-end, commercial permits values total $87,387,700; 69% of the City's target for the fiscal year ($127,006,179).
With commercial permit values not meeting or exceeding the 100% threshold of the fiscal year goal, this measure is evaluated red for below target.
Dollar value ($) of all permits for new commercial construction. This metric will be reported in regards to non-taxable and taxable entities.
Performance above the 3 year trailing average for permit values for taxable and non-taxable entities. The target for FY19 is ≥$127,006,179.
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.
Permit values are representative of real property investment which furthers the development of commercial real estate in the City. The measure provides a general demonstration of the extent of new development in the City.