Metropolitan Council. Big Picture 2016 Unified Budget

Transcription

1 Metropolitan Council Big Picture 2016 Unified Budget Council Meeting June 24, 2014

2 Timeline for Budget Development Jun 24 Jul-Aug Aug 12 Aug 12 Aug 26 Oct Dec 9 Council - Big-Picture Operating & Capital Budget Committee - Division Level Budget Presentations Council - Adopt Wastewater Rates Council - Division Level Budget Presentation Council - Adopt Preliminary Budget & Levies Council - Adopt Public Comment Drafts Council - Adopt Final Budget & Levies 2

3 Story Line - Thrive in Motion A-Line Service Targeted Stormwater/Reuse Industrial Pretreatment Incentive Program Solar Collaborative Housing Choice Voucher Mobility Counseling Stewardship Prosperity Equity Livability Sustainability Integration Collaboration Accountability 3

4 * Recommended Levies + 2.0% Limit * Non-Debt Service Levies General Purposes $ $ Highway Right of Way Livable Communities: - Demonstration Acct Tax Base Revitalization Total Non-Debt Levies $ $ $ % Debt Service Levies Parks $ $ Transit Total Debt Levies $ $ Total All Levies $ $ % 2.0% Estimated using US Bureau of Economic Analysis th quarter data. The actual maximum levy will not be known until published by the MN Dept of Revenue in late July. 4 Dollars in millions

5 Levy Strategy Payable 2016 $1.6 M (2.0%) Increase Transit Debt Service $1,144 71% $157 10% $135 8% Parks Debt Service LDCA Pass- Through $172 11% General Purposes Dollars in thousands 5

6 General Purposes Levy Strategy Payable $14.6 M Thrive Initiatives $5.0 34% Other Committed $0.7 5% $8.9 61% Community Development Operations Dollars in millions 6

7 Thrive in Motion General Purpose Levy Use - $5.0 M Stewardship Engagement Housing Equity Climate Change Bus Shelters Transit Oriented Development Prosperity Equity Livability Sustainability Integration Collaboration Accountability 7

8 Stewardship Accountability Self Insurance - Medical and Dental Wellness On-Site Clinic Other Post Retirement Benefits (OPEB) Budget Certainty - Fuel Hedging Managing WW Debt Service - PayGo Contributions Wastewater Rates Service Redesigns 8

9 Dollars in Millions Operating Budget Trend - Expenses & Uses Passthrough Debt Service Operations $760 $780 $828 $891 Proposed $936 $ %

10 Total Budget Change - $39.0 Million $24.2 M Operations $20.6 M Inflation & Labor Contracts $1.6 M Snelling Arterial Bus Rapid Transit startup $2.0 M Environmental Services PAYGO Transfer increase $1.0 M Passthrough Grant & Loan Programs $1.6 M Parks Pass-Through Grants ($2.3) M Suburban Transit Provider MVST $1.7 M I & I Grants $13.8 M Debt Service $0.9 M Parks $6.4 M Transit $6.5 M Wastewater 10

11 Dollars in Millions Operating Budget Trend - Expenses & Uses Regional Admin Community Dev Environmental Svcs Transportation $760 $780 $828 Proposed $891 $936 $975 11

12 2016 Budget for Council Operations Sources - $685 M Reserves $15 2% Property Taxes $15 2% State Revenues $329 48% $248 36% Charges for Services $31 5% $47 7% Federal Revenues Local/ Other Dollars in millions 12

13 2016 Budget for Council Operations Uses by Category - $685 M $406 59% Salaries & Benefits Other $45 7% Utilities & Rent $36 5% $72 11% Materials & Chemicals $76 11% $50 7% Transit Programs Contracted Services Dollars in millions 13

14 Unified Capital Improvement Program - $8.1B Parks $163 4% Transit $810 18% Wastewater $1,242 28% Transitways $2,208 50% Parks $167 5% Transit $608 16% Wastewater $454 12% Transitways $2,448 67% Authorized Projects - $4.4B Transitways $4,656 58% Preservation $2,595 32% Planned Projects - $3.7B Expansion $590 7% Improvements $259 3% 14 Projects By Category $8.1B

15 Parks $163 7% Unified Capital Improvement Program - $3.7B Transit $811 33% Wastewater $1,242 50% Transitways $244 10% w/o new rail projects Parks $167 13% Wastewater $454 36% Transit $607 47% Transitways $51 4% Authorized Projects - $2.4B Planned Projects - $1.3B Preservation $2,595 69% Expansion $590 16% Improvements $259 7% Transitways $295 8% 15 Projects By Category $3.7B

16 Unified Capital Improvement Program Planned Projects - $3.7 Billion 1,800 1,600 1,400 1,200 1, , '15 '16 '17 '18 '19 '20 Other Southwest Bottineau 16

17 Financing the CIP: Sources of Funds Authorized and Planned Projects Local/Other 8% Transit Bonds 7% Parks Bonds 1% Wastewater Bonds 19% PayGo (WW) 1% CTIB 13% State 10% Federal 41% 17

18 Dollars in Millions Outstanding Debt 1,800 1,600 1, ,200 1, ,305 1,274 1,317 1,350 1,369 1,375 1,405 1,426 1, '12 '13 '14 '15 '16 '17 '18 '19 '20 Wastewater Transit Parks 18

19 Unmet Transit Capital Needs: $940M Capital Project Fleet Expansion Support Facilities Heywood II, other office and garage improvements, renewable energy, police facilities Customer Facilities park & rides, bus stop enhancements, suburban provider stations and ramps, layover facilities Technology fare collection system upgrades, real time signage, driver assist systems Bus Rapid Transit transitways Blue Line track crossover, bi-directional running, signal upgrades, track rebuild with direct fixation Other Fort Snelling P&R, traction power energy storage, OMF facility improvements Amount $79 M $210 M $170 M $17 M $318 M $129 M $17 M 19

20 State Bonding Requests Jun 19 Jun-Sep Jul 15 Sep 11 Oct 16 Dec 4 Jan 15 Preliminary Requests Submitted MMB reviews requests with agencies & site visits Sent to Legislature w\o Governor s recommendation Agency Profile & Strategic Planning Summary due Final Requests Completed MMB - State Revenue & Debt Capacity forecasts Governor submits Capital Budget to Legislature 20