Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
11.06.2017 SPD Packet
Page 1 of 1 ] Prosper is a place where everyone matters. 1. Call to Order/Roll Call. 2. Approve Minutes form the October 30, 2017, Special Purpose District Committee meeting . 3. Follow up items from previous meeting. 4. Review sales tax analysis prepared by Impact DataSource, LLC. 5. Fire and Police departments present operational and growth projections along with PROS and CONS for each Fire and Crime Special Purpose District. 6. Adjournment. CERTIFICATION I, the undersigned authority, do hereby certify that this Notice of Meeting was posted at Prosper Town Hall, located at 121 W. Broadway Street, Prosper, Texas 75078, a place convenient and readily accessible to the general public at all times, and said Notice was posted on October 27, by 5:00 p.m., and remained so posted at least 72 hours before said meeting was convened. _______________________________ _________________________ Robyn, Battle, Town Secretary Date Noticed Removed Pursuant to Section 551.071 of the Texas Government Code, the Town Council reserves the right to consult in closed session with its attorney and to receive legal advice regarding any item listed on this agenda. NOTICE OF ASSISTANCE AT PUBLIC MEETINGS: The Town Hall Annex is wheelchair accessible. For special services or assistance, please contact the Town Secretary’s Office at (972) 569-1011 at least 48 hours prior to the meeting time. AGENDA Special Purpose District Committee Prosper Fire Station #2 1140 S Teel Parkway Prosper, TX 75078 Monday, November 6, 2017 6:00 p.m. Special Purpose District Committee November 6, 2017 Purpose of Committee The Town Council has created and appointed seven members selected to serve on newly-created committee to review options available for a portion of the Town’s local sales tax.The committee will study options available with the creation of a Special Purpose District that could designate a portion of the Town’s local sales tax revenue. Upon completion of the meetings, the committee will make a recommendation to the Town Council.Since a change in the Town’s sales tax designation would require voter approval, the Town Council will decide whether to call an election to be held in May 2018 to formally create the Special Purpose District. Mayor Pro-Tem Curry Vogelsang will serve as the Committee Chairman.Curry may be reached at curry_vogelsang@prospertx.gov The Town’s Finance Director, Kelly Neal, will be the staff liaison for this committee.Kelly may be reached at kelly_neal@prospertx.gov or 972-569-1019. Thank you for your willingness to serve your community. November 6, 2017 Sales Tax History Follow –up items November 6, 2017 Town of Prosper, Texas 1995 Ballot and Ordinance Adoption See 1995 Ballot and Ordinance Proposition # 2 to add additional 0.50% sales and use tax within the City to reduce the property tax rate. May 6, 1995 election results approving such additional sales tax FOR the proposition 99 AGAINST the proposition 59 November 6, 2017 November 6, 2017 Town of Prosper b. Sales Tax for Property Tax Relief 6 “a place where everyone matters” • 68 Special Purpose Districts that impose sales and use tax for crime or fire prevention statewide. • 15 Special Purpose Districts in the Collin and Denton County. County SPD Local Rate Effective Date Collin Lucas Fire Control District 0.005 10/1/2014 Denton Argyle Crime Control 0.0025 1/1/2004 Denton Bartonville Crime Control 0.0025 10/1/2010 Denton Coppell Crime Control 0.0025 4/1/2008 Denton Copper Canyon Crime Control 0.010 4/1/2016 Denton Corinth Crime Control 0.0025 1/1/2005 Denton Flower Mound Crime Control 0.0025 4/1/2008 Denton Flower Mound Fire Control 0.0025 4/1/2008 Denton Fort Worth Crime Control 0.005 10/1/1995 Denton Grapevine Crime Control 0.005 4/1/2007 Denton Krum Crime Control 0.0025 10/1/2016 Denton Lewisville Crime Control 0.00125 4/1/2012 Denton Lewisville Fire Control 0.00125 4/1/2012 Denton Southlake Crime Control 0.005 4/1/1998 Denton Trophy Club Crime Control 0.0025 10/1/2013 November 6, 2017 Sales Tax Analysis prepared by Impact DataSource, LLC Prosper and Prosper EDC collected $5.0M and $1.6M respectively in sales and use tax in 2017. Prosper Planning Dept. estimated citizen population growth for the Town: FY 2018 –12% FY 2019 –10% FY 2020 –10%, and FY 2021-2022 –8% Estimated 36.3% of taxable sales in the Town were made by Prosper residents and 63.7%were non-residents. November 6, 2017 Sales Tax Analysis prepared by Impact DataSource, LLC Implementation of SPD would not be effective until FY 2019 based on law. Projected Sales and Use Tax revenue based on FY 2017-2018 Adopted Financial Plan. November 6, 2017 Fiscal Year Town EDC SPD %of Growth 2018 $6,165,834 $2,047,473 $- 2019 $5,266,313 $2,633,157 $2,633,157 28.61% 2020 $6,537,647 $3,268,823 $3,268,823 24.14% 2021 $7,805,360 $3,902,680 $3,902,680 19.39% 2022 $9,174,491 $4,587,246 $4,587,246 17.54% 2023 $9,908,451 $4,954,225 $4,954,225 8.00% 2024 $10,701,127 $5,350,563 $5,350,563 8.00% Sales Tax Analysis prepared by Impact DataSource, LLC Dedicated Sales and Use Tax to TIRZ # 1 and other rebated retail projects with the Town’s 1% tax rate and EDC’s 0.50% tax rate. November 6, 2017 Sales Tax Analysis prepared by Impact DataSource, LLC Retail MarketPlace Profile The Leakage/Surplus Factor presents a snapshot of retail opportunity. This is a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. November 6, 2017 A Report of Sales Tax that May be Collected in Prosper, Texas for a Special Purpose District November 6, 2017 Prepared by: Impact DataSource, LLC 4709 Cap Rock Drive Austin, Texas 78735 512.892.0205 Fax 512.892.2569 www.impactdatasource.com 2 TABLE OF CONTENTS Introduction……………………………………………………………………..................................... 3 Summary of this Study……..……………………….....…….…………................................…… 3 Sales Tax Collections in Prosper…………….……….……………..……….............................. 3 Estimated Sales Tax Collections to be Collections in Prosper from……………………… Non‐residents over the Next Eleven Years 7 Possible Sales Tax Collections to be Dedicated to TIRZ #1 and Sales Tax Rebates.. 8 Net Sales Tax Collections after Dedications to TIRZ # 1 and 380 Rebates……….…… 10 Conduct of the Analysis……………………………....................……………………………………… 11 Appendix: Prosper Retail Market Place Profile…...........……………………………………… 12 3 INTRODUCTION This report presents estimates of annual sales taxes that may be collected in Prosper, Texas for a special purpose district, as well as taxes that will be collected by the Town and Prosper EDC. This study was conducted by Impact DataSource, LLC, an Austin, Texas economic consulting, research and analysis firm. SUMMARY OF THIS STUDY The Town of Prosper and Prosper EDC in 2017 collected $5.0 million and $1.6 million respectively in sales tax. If a special purpose district with a .5% tax rate is approved for 2019, the district will collect $2.6 million during the year. The Town of Prosper Planning Department estimated the following citizen population growth at the following rates: FY 2018 ‐ 12%, FY 2019 ‐ 10%, FY 2020 ‐ 10%, and FY 2021‐2022 ‐ 8%. An estimated 36.3% of taxable sales in the town were made to Prosper residents and 63.7% were made to non‐residents. Correspondingly, 36.3% of annual sales tax collections were from residents and 63.7% were from non‐residents and Prosper business to Prosper business sales and sales in local non‐traditional retail businesses. According to the Town’s Department of Development Services, 15 retail development projects are in TIRZ # 1 or will receive sales tax rebates under 380 agreements beginning in 2017‐2018. These dedications and rebates will reduce net sales tax collections by the town and EDC. SALES TAX COLLECTIONS IN PROSPER Sales Tax Rates The sales tax rates in Prosper before and after the enactment in 2019 of a possible .5% special purpose district sales tax are shown on the following page: 4 Prosper Sales Tax Rates Before SPD After SPD Tax Enacted Tax Enacted Town of Prosper 1.50% 1% EDC 0.50% 0.50% Special Purpose District 0.50% Historical Sales Tax Collections by the Town of Prosper 2013‐2017 The table below shows collections by the Town of Prosper and the Prosper Economic Development Corporation over the past five years from the town’s 1.5% sales tax and the EDC’s .5% sales tax and the rate of annual increase in these total collections.1 The Town of Prosper and EDC's Sales Tax Collections 2013‐2017 Percent Fiscal Year Town EDC Total Growth 2013 $2,751,115 $823,731 $3,574,846 2014 $2,795,423 $931,344 $3,726,767 4% 2015 $3,124,246 $1,041,414 $4,165,660 12% 2016 $3,996,504 $1,332,166 $5,328,670 28% 2017 $5,071,127 $1,690,375 $6,761,502 27% Projected Sales Tax Collections by the Town of Prosper Over the Next Eleven Year Using the FY 2017‐2018 adopted financial plan, the town estimated sales tax collections, as shown on the following page, for the town, EDC and a possible special purpose district, with a sales tax rate of .5% enacted in 2019: 1 The Town’s sales tax collections for fiscal years 2013-2017 were obtained from the Town of Prosper. 5 The Town of Prosper, EDC, and Special Purpose District Projected Sales Tax Collections over the Next Eleven Years ‐‐ Including Ten Years of a SPD Percent Growth Special Purpose from EDC District Previous Fiscal Year Town 0.50% 0.50% Year 2018 $6,165,834 $2,047,473 2019 $5,266,313 $2,633,157 $2,633,157 28.61% 2020 $6,537,647 $3,268,823 $3,268,823 24.14% 2021 $7,805,360 $3,902,680 $3,902,680 19.39% 2022 $9,174,491 $4,587,246 $4,587,246 17.54% 2023 $9,908,451 $4,954,225 $4,954,225 8.00% 2024 $10,701,127 $5,350,563 $5,350,563 8.00% 2025 $11,557,217 $5,778,608 $5,778,608 8.00% 2026 $12,481,795 $6,240,897 $6,240,897 8.00% 2027 $13,480,338 $6,740,168 $6,740,168 8.00% 2028 $14,558,765 $7,279,382 $7,279,382 8.00% Retail Sales in Prosper to Residents and Non‐Residents/Others A sales analysis shows that residents in the town made $391 billion in consumer expenditures during 2017 in retail businesses that cater to individuals.2 In addition, an estimated $257 million of this spending was subject to sales tax.3 An estimated $59 million of the taxable spending by Prosper residents during 2017 was in Prosper, as estimated on the following page:4 2 Retail MarketPlace Profile, Esri, October 20, 2017 3 Impact DataSource calculation by identifying the categories of consumer expenditures subject to sales tax. 4 Impact DataSource estimate of local spending, accounting for total local supply 6 Estimated Taxable Spending by Prosper Residents in the Town During 2016 Estimated Total North Estimated Taxable American Taxable Spending Industry Retail Demand Expenditures by Prosper Classification of Prosper by Prosper Residents in (NAICS) Residents Residents Prosper Total Expenditures $391,348,651 $257,114,820 $59,574,293 Motor Vehicle and Parts Dealers 441 $75,708,159 $22,712,448 $4,167,463 Furniture and Home Furnishings Stores 442 $12,897,164 $12,897,164 $943,744 Electronics and Appliance Stores 443 $13,162,297 $13,162,297 $2,801,676 Building Material, Garden Equip Stores 444 $24,139,432 $24,139,432 $15,371,255 Food and Beverage Stores 445 $61,832,076 $6,183,208 $4,637,406 Health & Personal Care Stores 446,4461 $19,342,644 $19,342,644 $10,032,606 Gasoline Stations 447,4471 $33,696,978 $16,848,489 $6,739,396 Clothing and Clothing Accessories Stores 448 $16,742,283 $16,742,283 $1,924,443 Sporting Goods, Hobby, Book, Music Stores 451 $12,553,928 $12,553,928 $2,148,398 General Merchandise Stores 452 $61,870,771 $61,870,771 $364,283 Miscellaneous Store Retailers 453 $13,698,614 $13,698,614 $741,534 Non‐Store Retailers 454 $5,212,915 $521,292 $182,452 Foodservice and Drinking Places 722 $40,491,390 $36,442,251 $9,519,638 Further, using Texas Comptroller of Public Accounts estimates of taxable sales in Prosper during 2016 and the estimated spending of Prosper residents in the town, an estimated 36.3% of taxable sales in the town was made by Prosper residents in the above retail businesses and estimated 63.7% of taxable sales in Prosper (1) was to non‐residents who may shop in Prosper, (2) in Prosper business who sell their products to customers outside of Prosper and (3) in local non‐retail businesses. For example, according to the Comptroller, 35% of taxable sales in Prosper in 2016 were made by manufacturers. Because of Prospers limited commercial base sales by these manufacturers were likely made to distributors or other commercial businesses outside of Prosper. The spending of local residents in Prosper, discussed above, reflects the realities of cross‐ community shopping in the Dallas‐Fort Worth metro area. While Prosper is home to some retailers, Prosper residents have a multitude of retail shopping opportunities throughout the metro area. However, as the number of Prosper residents increases, additional retail businesses will locate or expand in the town. 7 Also, commuters flow in and out of Prosper on a daily basis. More than 5,700 Prosper residents commute to work outside of the town of Prosper. Only about 471 of Prosper’s residents work in the town. Approximately 2,450 workers commute in to Prosper each day to work.5 The portion of sales taxes that the Town of Prosper will collect from the spending of Prosper residents and from the spending of non‐residents and other sales, assuming that the present percent of local retail shopping between residents and non‐residents/others remains the same, is presented next. ESTIMATED SALES TAX COLLECTIONS IN PROSPER FROM NON‐RESIDENTS/OTHERS OVER THE NEXT ELEVEN YEARS The following tables show collections by the Town of Prosper and the Prosper Economic Development Corporation over the next eleven years from the town’s 1.5% sales tax (reduced to 1% in 2019 with the enactment of a SPD sales tax), the EDC’s .5% sales tax and a .5% for a possible special purpose district from residents and non‐residents/others. Sales Tax Collections by the Town Over the Next Eleven Years Estimated sales tax collections by the Town from retail spending of residents and non‐ residents/others over the next eleven years are shown below. The Town of Prosper Projected Sales Tax Collections Over the Next Eleven Years (Ten Years after SPD Tax Enacted) Collections from: Total Sales Non‐ Sales Tax Tax Residents/ Fiscal Year Rate Collections Residents Others 2018 1.50% $6,165,834 $2,238,198 $3,927,636 2019 1.00% $5,266,313 $1,911,672 $3,354,641 2020 1.00% $6,537,647 $2,373,166 $4,164,481 2021 1.00% $7,805,360 $2,833,346 $4,972,014 2022 1.00% $9,174,491 $3,330,340 $5,844,151 2023 1.00% $9,908,451 $3,596,768 $6,311,683 2024 1.00% $10,701,127 $3,884,509 $6,816,618 2025 1.00% $11,557,217 $4,195,270 $7,361,947 2026 1.00% $12,481,795 $4,530,891 $7,950,903 2027 1.00% $13,480,338 $4,893,363 $8,586,975 2028 1.00% $14,558,765 $5,284,832 $9,273,933 5 Local Employment Dynamics 2015 – US Census 8 Sales tax Collections by Prosper Economic Development Corporation Over the Next Eleven Years Estimated sales tax collections by the Prosper Economic Development Corporation from retail spending of residents and non‐residents/others over the next eleven years are shown below. Prosper EDC Projected Sales Tax Collections Over the Next Eleven Years (Ten Years after SPD Tax Enacted) Collections from: Total Sales Non‐ Sales Tax Tax Residents/ Fiscal Year Rate Collections Residents Others 2018 0.50% $2,047,473 $743,233 $1,304,240 2019 0.50% $2,633,157 $955,836 $1,677,321 2020 0.50% $3,268,823 $1,186,583 $2,082,240 2021 0.50% $3,902,680 $1,416,673 $2,486,007 2022 0.50% $4,587,246 $1,665,170 $2,922,076 2023 0.50% $4,954,225 $1,798,384 $3,155,841 2024 0.50% $5,350,563 $1,942,254 $3,408,309 2025 0.50% $5,778,608 $2,097,635 $3,680,973 2026 0.50% $6,240,897 $2,265,445 $3,975,451 2027 0.50% $6,740,168 $2,446,681 $4,293,487 Sales tax Collections by a Possible Special Purpose District Over the Next Eleven Years Estimated sales tax collections by a possible special purpose district from retail spending of residents and non‐residents/others over the next eleven years are shown on the following page: 9 Possible Special Purpose District Projected Sales Tax Collections Over the Ten Years After Enactment Collections from: Total Sales Non‐ Sales Tax Tax Residents/ Fiscal Year Rate Collections Residents Others 2018 $0 $0 $0 2019 0.50% $2,633,157 $955,836 $1,677,321 2020 0.50% $3,268,823 $1,186,583 $2,082,240 2021 0.50% $3,902,680 $1,416,673 $2,486,007 2022 0.50% $4,587,246 $1,665,170 $2,922,076 2023 0.50% $4,954,225 $1,798,384 $3,155,841 2024 0.50% $5,350,563 $1,942,254 $3,408,309 2025 0.50% $5,778,608 $2,097,635 $3,680,973 2026 0.50% $6,240,897 $2,265,445 $3,975,451 2027 0.50% $6,740,168 $2,446,681 $4,293,487 2028 0.50% $7,279,382 $2,642,416 $4,636,966 POSSIBLE SALES TAX COLLECTIONS TO BE DEDICATED TO TIRZ # 1 IN PROSPER AND SALES TAX REBATES UNDER 380 AGREEMENTS According to the Town’s Department of Development Services, 15 retail development projects are in TIRZ # 1 or will receive sales tax rebates under 380 agreements beginning in 2017‐2018. Town Sales Tax Rebates and Dedications to TIRZ # 1 Over Three Years, During FYs 2018‐2020 The Department of Development Services estimated that these projects will generate the sales tax dedications/rebates for TIRZ # 1, as shown on the following page, for the projects over the first three years with a town 1% sales tax rate subject to the TIRZ and rebates along with dedications of EDC sales taxes: 10 Sales Tax to be Dedicated to TIRZ # 1 and Rebated to Retail Projects with Town's 1% Tax Rate Subject to the TIRZ and Without the SPD Town Rebates Total Sales Under 380 Dedications to TIRZ # 1 Tax Dedications Year Agreements Town PEDC Total and Rebates 2017‐18 $110,250 $291,501 $123,113 $524,864 $635,114 2018‐19 $192,938 $413,952 $231,123 $838,013 $1,030,950 2019‐20 $27,563 $413,952 $231,123 $672,638 $700,200 Total $330,750 $1,119,405 $585,359 $2,035,514 $2,366,264 A SPD tax enacted in 2019 will not be dedicated to TIRZ # 1. Therefore, if the town and EDC sales taxes are dedicated /rebated to TIRZ # 1, gross sales tax collections discussed earlier in this report may be reduced by collections that are dedicated to TIRZ # 1 and rebated to developers under 380 agreements as discussed next. NET SALES TAX COLLECTIONS AFTER DEDICATIONS TO TIRZ # 1 AND SALES TAX REBATES UNDER 380 AGREEMENTS Over the next eleven years, the net sales tax collections for the town and EDC after dedications to to TIRZ # 1 and town 380 rebates are shown on the following page – assuming that dedications and rebates over the next three years that the town’s Department of Development Services identified continue for the eleven years of this analysis. 11 Net Sales Tax Collections for the Town and EDC after Dedications to TIRZ #1 and Town 380 Rebates Fiscal Year Town EDC 2018 $5,764,083 $1,924,360 2019 $4,659,423 $2,402,034 2020 $6,096,132 $3,037,700 2021 $7,278,172 $3,626,710 2022 $8,554,763 $4,262,835 2023 $9,239,144 $4,603,862 2024 $9,978,276 $4,972,171 2025 $10,776,538 $5,369,944 2026 $11,638,661 $5,799,540 2027 $12,569,754 $6,263,503 2028 $13,575,334 $6,764,583 CONDUCT OF THE ANALYSIS Impact DataSource conducted this analysis using information obtained from the Town of Prosper and Esri, a national data service, U.S. Census, and information from the Texas Comptroller of Public Accounts. In addition, Impact DataSource used certain estimates and assumptions. Using this data, the town’s sales tax collections from sales to Prosper residents and non‐ residents were estimated, along with collections by the EDC and a possible special purpose district. Impact DataSource is a 24‐year‐old Austin, Texas economic consulting, research and analysis firm. The firm has conducted economic impact analyses of numerous projects in Texas and in 39 other states. In addition, the firm has developed economic impact analysis computer programs for several clients, including the New Mexico Economic Development Department. The firm’s principal, Jerry Walker, performed this economic impact analysis. He is an economist and has Bachelor of Science and Master of Business Administration degrees in accounting and economics from Nicholls State University, Thibodaux, Louisiana. 12 Appendix: Prosper Retail Market Place Profile ©2017 Esri Retail MarketPlace Profile Summary Demographics Prosper Town, TX Prepared by Esri Prosper Town, TX (4859696) Geography: Place 2017 Median Disposable Income $81,545 2017 Per Capita Income $42,900 2017 Population 19,933 2017 Households 6,238 Leakage/Surplu Number of Industry Summary (Retail Potential) (Retail Sales)Factor Businesses NAICS Demand Supply Retail Gap 60.5 53Total Retail Trade and Food & Drink 44- $391,348,651 $96,194,217 $295,154,434 60.4 35Total Retail Trade 44-45 $350,857,261 $86,674,579 $264,182,682 61.9 18Total Food & Drink 722 $40,491,390 $9,519,638 $30,971,752 Leakage/Surplu Number of Industry Group (Retail Potential) (Retail Sales)Factor Businesses NAICS Demand Supply Retail Gap 89.6 3Motor Vehicle & Parts Dealers 441 $75,708,159 $4,167,463 $71,540,696 100.0 0Automobile Dealers 4411 $60,769,732 $0 $60,769,732 40.0 2Other Motor Vehicle Dealers 4412 $8,281,646 $3,547,495 $4,734,151 83.0 1Auto Parts, Accessories & Tire Stores 4413 $6,656,781 $619,968 $6,036,813 86.4 2Furniture & Home Furnishings Stores 442 $12,897,164 $943,744 $11,953,420 100.0 0Furniture Stores 4421 $7,413,700 $0 $7,413,700 70.6 2Home Furnishings Stores 4422 $5,483,464 $943,744 $4,539,720 64.9 1Electronics & Appliance Stores 443 $13,162,297 $2,801,676 $10,360,621 22.2 8Bldg Materials, Garden Equip. & Supply Stores 444 $24,139,432 $15,371,255 $8,768,177 28.7 5Bldg Material & Supplies Dealers 4441 $22,776,451 $12,615,013 $10,161,438 -33.8 3Lawn & Garden Equip & Supply Stores 4442 $1,362,981 $2,756,242 -$1,393,261 29.0 3Food & Beverage Stores 445 $61,832,076 $34,031,527 $27,800,549 25.7 2Grocery Stores 4451 $55,926,952 $33,090,809 $22,836,143 100.0 0Specialty Food Stores 4452 $2,614,235 $0 $2,614,235 55.5 1Beer, Wine & Liquor Stores 4453 $3,290,889 $940,718 $2,350,171 31.7 4Health & Personal Care Stores 446,4461 $19,342,644 $10,032,606 $9,310,038 44.8 4Gasoline Stations 447,4471 $33,696,978 $12,855,609 $20,841,369 79.4 4Clothing & Clothing Accessories Stores 448 $16,742,283 $1,924,443 $14,817,840 70.2 4Clothing Stores 4481 $10,970,592 $1,924,443 $9,046,149 100.0 0Shoe Stores 4482 $2,364,559 $0 $2,364,559 100.0 0Jewelry, Luggage & Leather Goods Stores 4483 $3,407,132 $0 $3,407,132 70.8 3Sporting Goods, Hobby, Book & Music Stores 451 $12,553,928 $2,148,398 $10,405,530 67.9 3Sporting Goods/Hobby/Musical Instr Stores 4511 $11,220,890 $2,148,398 $9,072,492 100.0 0Book, Periodical & Music Stores 4512 $1,333,038 $0 $1,333,038 98.8 1General Merchandise Stores 452 $61,870,771 $364,283 $61,506,488 100.0 0Department Stores Excluding Leased Depts. 4521 $43,593,110 $0 $43,593,110 96.1 1Other General Merchandise Stores 4529 $18,277,661 $364,283 $17,913,378 89.7 1Miscellaneous Store Retailers 453 $13,698,614 $741,534 $12,957,080 100.0 0Florists 4531 $651,137 $0 $651,137 100.0 0Office Supplies, Stationery & Gift Stores 4532 $3,050,665 $0 $3,050,665 100.0 0Used Merchandise Stores 4533 $2,431,285 $0 $2,431,285 82.1 1Other Miscellaneous Store Retailers 4539 $7,565,527 $741,534 $6,823,993 60.3 1Nonstore Retailers 454 $5,212,915 $1,292,041 $3,920,874 100.0 0Electronic Shopping & Mail-Order Houses 4541 $3,864,538 $0 $3,864,538 100.0 0Vending Machine Operators 4542 $306,315 $0 $306,315 -10.7 1Direct Selling Establishments 4543 $1,042,062 $1,292,041 -$249,979 61.9 18Food Services & Drinking Places 722 $40,491,390 $9,519,638 $30,971,752 100.0 0Special Food Services 7223 $504,446 $0 $504,446 100.0 0Drinking Places - Alcoholic Beverages 7224 $1,507,570 $0 $1,507,570 60.3 18Restaurants/Other Eating Places 7225 $38,479,374 $9,519,638 $28,959,736 October 20, 2017 Page 1 of 2 pp y ( ) y ( p ) p amount spent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. This is a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. Esri uses the North American Industry Classification System (NAICS) to classify businesses by their primary type of economic activity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as well as four industry groups within the Food Services & Drinking Establishments subsector. For more information on the Retail MarketPlace data, please click the link below to view the Methodology Statement. http://www.esri.com/library/whitepapers/pdfs/esri-data-retail-marketplace.pdf Source: Esri and Infogroup. Retail MarketPlace 2017. Copyright 2017 Infogroup, Inc. All rights reserved. ©2017 Esri Prosper Town, TX Prepared by Esri Prosper Town, TX (4859696) Geography: Place Retail MarketPlace Profile October 20, 2017 Page 2 of 2 Source: Esri and Infogroup. Retail MarketPlace 2017. Copyright 2017 Infogroup, Inc. All rights reserved. Leakage/Surplus Factor by Industry SubsectorLeakage/Surplus Factor by Industry Subsector Food Services & Drinking Places Nonstore Retailers Miscellaneous Store Retailers General Merchandise Stores Sporting Goods, Hobby, Book, and Music Stores Clothing and Clothing Accessories Stores Gasoline Stations Health & Personal Care Stores Food & Beverage Stores Bldg Materials, Garden Equip. & Supply Stores Electronics & Appliance Stores Furniture & Home Furnishings Stores Motor Vehicle & Parts Dealers Leakage/Surplus Factor 9080706050403020100 Leakage/Surplus Factor by Industry GroupLeakage/Surplus Factor by Industry Group Restaurants/Other Eating Places Drinking Places (Alcoholic Beverages) Special Food Services Direct Selling Establishments Vending Machine Operators Electronic Shopping and Mail-Order Houses Other Miscellaneous Store Retailers Used Merchandise Stores Office Supplies, Stationery, and Gift Stores Florists Other General Merchandise Stores Department Stores (Excluding Leased Depts.) Book, Periodical, and Music Stores Jewelry, Luggage, and Leather Goods Stores Shoe Stores Clothing Stores Gasoline Stations Health & Personal Care Stores Beer, Wine, and Liquor Stores Specialty Food Stores Grocery Stores Lawn and Garden Equipment and Supplies Stores Building Material and Supplies Dealers Electronics & Appliance Stores Home Furnishings Stores Furniture Stores Auto Parts, Accessories, and Tire Stores Other Motor Vehicle Dealers Automobile Dealers Leakage/Surplus Factor 1009080706050403020100-10-20-30 PROSPER FIRE DEPARTMENT Projections 2017-2022 As of Jan. 1st Population Growth Rate from Previous Year 2017 20,160 13% 2018 22,910 12% 2019 25,120 10% 2020 27,710 10% 2021 29,930 8% 2022 32,320 8% 2023 34,910 8% 2024 37,700 8% As of Jan. 1st Population Growth Rate from Previous Year 2025 40,720 8% 2026 43,160 6% 2027 45,750 6% 2028 48,500 6% 2029 51,410 6% 2030 53,980 5% 2035 65,030 3-4% 2040 72,050 1% FISCAL YEAR 2018 Prosper Fire Department FY 2018 Current Staffing 2 Fire Stations 2 Engine Companies 2 Ambulances 1 Fire Chief 1 Assistant Chief 3 Captains 3 Lieutenants 6 Driver Operators 24 Firefighter/Paramedics 15 Part-Time Firefighter/Paramedics 1 Fire Marshal 1 Fire Inspector 1 Administrative Assistant Legislation Government Code Title 11, Subtitle A. Municipal Public Safety Chapter 344: Fire Control, Prevention, and Emergency Medical Services Districts: The district may finance all costs of a fire control, prevention, and emergency medical services district program, including costs for personnel, administration, expansion, enhancement, and capital expenditures. The Prosper Fire Departments would place a priority on future growth of personnel due to the increase in staffing expected in the coming foreseeable future. The program may include: •Fire apparatus and equipment •Hazardous materials •Technical rescue •Paramedic certification •Specialized training •Funding for turnout gear, self contained breathing apparatus, and protective uniforms or other firefighter safety equipment •Firefighting personnel •Construction of Fire Stations •Fire Prevention Programs •Fire Education Programs Future Equipment & Stations New Fire Stations New Ladder Truck/Quint’s New Fire Engine’s New Ambulance’s Personnel Needs EMS Division Chief/Training Battalion Chief Positions Captain Positions Driver Operators Firefighter/Paramedics Fire Marshal’s Office Fire Investigator/Inspectors Administrative Assistant Special Operations Special Operations Increase number of Hazmat Technicians, Hazmat Training and Hazmat Equipment High Angle Rescue Trench and Confined Space Rescue Awareness Tactical Paramedics (Active Shooter Incidents) FUTURE FIRE STATION SITE Town of Prosper has secured three additional fire station sites. The five fire station sites will improve and help maintain emergency response times to maintain ISO rating and will help comply with NFPA national standards. FIRE CONTROL, PREVENTION, AND EMERGENCY MEDICAL SERVICES (EMS) DISTRICT Purpose:Financing only the operation of the Fire Control,Prevention and EMS District. Term :The district can be created for an initial term of 5 years and reauthorized for 5,10,15,or 20-year terms .A district is dissolved 5 years after the date the municipality began to impose taxes for the district unless a continuation or dissolution referendum is held. Percent of Sales and Use Tax Options:0.125%,0.25%,0.375%,or 0.5% Amount of Current Revenue vs.Expenditures:0.25%Sales and Use Tax will produce $1,027,639 in current fiscal year revenue compared to the Fire Department’s budget of $6,278,631. PROPOSITION BALLOT LANGUAGE:THE CREATION OF THE TOWN OF PROSPER FIRE CONTROL,PREVENTION,AND EMERGENCY MEDICAL SERVICES DISTRICT DEDICATED TO FIRE SAFETY AND EMERGENCY MEDICAL SERVICES PROGRAMS AND THE ADOPTION OF A PROPOSED LOCAL SALES AND USE TAX AT A RATE OF ONE-FOURTH OF ONE PERCENT,AND THE CREATION OF THE TOWN OF PROSPER CRIME CONTROL AND PREVENTION DISTRICT DEDICATED TO CRIME REDUCTION PROGRAMS AND THE ADOPTION OF A PROPOSED LOCAL SALES AND USE TAX AT A RATE OF ONE-FOURTH OF ONE PERCENT,AND THE REPEAL OF THE ADDITIONAL SALES AND USE TAX WITHIN THE TOWN OF PROSPER AT THE RATE OF ONE-HALF OF ONE PERCENT USED TO REDUCE THE PROPERTY TAX RATE . Pros: 1)Dedicate funding to a core municipal service. 2)Allows equality with surrounding municipalities in the use of sales tax for operations. 3)Possible legislative changes have potential to force Prosper to reduce General Fund operations and increase taxes . 4)Funding can only be used to finance a Fire Control,Prevention,and EMS District. 5)Significant legislatively required oversite and administrative procedures. 6)The projected funding will always be less than projected expenditures which will avoid excess revenue. 7)The amounts distributed to a Fire Control,Prevention,and EMS District are not considered to be additional municipal Sales and Use Tax revenue for the purpose of property tax reduction and computation of the municipal tax rate under Chapter 26,Section 26.041 of the Property Tax Code. Cons: 1)The challenge of dealing with change and the perception that the additional Sales and Use Tax will not be used to reduce property taxes . Fire’s Operating Budget History of the General Fund 27%27% 22% 24%23%22%23% 0% 5% 10% 15% 20% 25% 30% - 1,000,000.00 2,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 7,000,000.00 2012 2013 2014 2015 2016 2017 2018 Fire's Operating Budget History in General Fund Fire's Operating Budget Fire CRIME CONTROL & PREVENTION DISTRICT CRIME CONTROL AREAS OF INTEREST Police & Law Enforcement Related Programs Community Related Crime Prevention Strategies Specific Treatment and Prevention Programs Court and Prosecution Services United property-marking programs Police Community Cooperation Program Drug & Alcohol Awareness Programs Community Arbitration and Mediation Centers Home security inspection programs *Countywide Family Violence Centers * Automated fingerprint analysis center *Integrated Community Education Systems * Enhanced radio dispatch center *Steered Straight Programs * Regional law enforcement training center *Community Restitution Programs * PROSPER POLICE DEPARTMENT PERSONNEL PROJECTIONS Sworn Civilian Total FY 2017-2018 (Current)26 10 36 FY 2018-2019 29 11 40 FY 2019-2020 35 11 46 FY 2020-2021 38 11 49 FY 2021-2022 44 11 55 PERSONNEL PROJECTIONS FY 2021-2022 Sworn Sworn /1000 population Civilian Civilian/1000 population Total Benchmark Cities 42 1.31 11 .35 53 2015 West South Central Region (Group IV)58 1.80 10 .32 68 2015 West South Central Region (Group III)54 1.70 11 .35 65 2015 Nationwide UCR Average (Group IV)54 1.70 10 .32 64 2015 Nationwide UCR Average (Group III)51 1.60 11 .35 62 FACILITIES Current 110 W. Broadway –Patrol 101 S. Main Street –Admin/Dispatch/CID 1140 S. Teel (Patrol substation-permanent) Spring 2018 Patrol to vacate Broadway Relocate to renovated space -121 W. Broadway Interim 121 W. Broadway (renovated)Spring 2018 –Fall 2020 (or completion of Public Safety Facility) Permanent Public Safety Facility In Progress PROSPER POLICE DEPARTMENT PUBLIC SAFETY FACILITY CRIME CONTROL & PREVENTION DISTRICT Purpose: Finance only the operation of the Crime Control and Prevention District. Term: The district can be created for an initial term of 5 years and reauthorized for 5, 10, 15, or 20-year terms. The Crime Control District is dissolved unless reauthorized on the first uniform election date that occurs after the fifth anniversary of the date the district began to levy the tax. Percent of Sales and Use Tax Options: 0.125%, 0.25%, 0.375%, or 0.5% Amount of Current Revenue vs. Expenditures: 0.25% Sales and Use Tax will produce $1,027,639 in current fiscal year revenue compared to the Police Department’s budget of $4,758,772. Proposition Ballot Language: THE CREATION OF THE TOWN OF PROSPER FIRE CONTROL, PREVENTION, AND EMERGENCY MEDICAL SERVICES DISTRICT DEDICATED TO FIRE SAFETY AND EMERGENCY MEDICAL SERVICES PROGRAMS AND THE ADOPTION OF A PROPOSED LOCAL SALES AND USE TAX AT A RATE OF ONE-FOURTH OF ONE PERCENT, AND THE CREATION OF THE TOWN OF PROSPER CRIME CONTROL AND PREVENTION DISTRICT DEDICATED TO CRIME REDUCTION PROGRAMS AND THE ADOPTION OF A PROPOSED LOCAL SALES AND USE TAX AT A RATE OF ONE-FOURTH OF ONE PERCENT, AND THE REPEAL OF THE ADDITIONAL SALES AND USE TAX WITHIN THE TOWN OF PROSPER AT THE RATE OF ONE-HALF OF ONE PERCENT USED TO REDUCE THE PROPERTY TAX RATE. Effective Date: October 1, 2019 CRIME CONTROL & PREVENTION DISTRICT PROS •Dedicate funding to a core municipal service. •Allows equality with surrounding municipalities in the use of sales tax for operations. •Possible legislative changes have potential to force Prosper to reduce General Fund operations and increase taxes. •Funding can only be used to finance a Crime Control District. •Significant legislatively required oversite and administrative procedures. •The projected funding will always be less than the projected expenditures which will avoid excess revenue. •The amounts distributed to a Crime Control District are not considered to be additional municipal Sales and Use Tax revenue for the purpose of property tax reduction and computation of the municipal tax rate under Chapter 26, Section 26.041 of the Property Tax Code. CONS •The challenge of dealing with change and the perception that the additional Sales and Use Tax will not be used to reduce property taxes PROSPER POLICE DEPARTMENT History of General Fund’s Operating Budget 23%24% 20%19%18%18%17% 0% 5% 10% 15% 20% 25% - 1,000,000.00 2,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 2012 2013 2014 2015 2016 2017 2018 Police's Operating Budget Police