Wednesday, April 22, 2009
How far have the numbers nosedived for development in Canyon County?
The Guardian has obtained some startling numbers via public records requests and will share them with you.
Canyon County Development Services Department currently employs sixteen people on a full time basis. (Seven people were laid off earlier this year.) They also have a contract employee they have paid $94,300 for through the end of April 2009. This works out to $13,714.00 per month for seven months of this fiscal year for contract services in addition to what is budgeted for employees.
At the peak of the construction boom they were taking in $191,000 for the month of November 2006 in fees for building permits. This year the numbers are abysmal. Permit fees collected by Canyon County Development Services as of 4/15/09 amount to $270.00!
DSD managers budged to collect $80k/month in fees for services fiscal 2009. The reality is about $30k/month or 37% of what was projected. Fiscal 2009 has generated a paltry $211K YTD.
Fiscal 2007 generated $1,198,710.00 in fees for services. Business is off by 80% this year from the all time highs of 2007.
How long can the bleeding go on before some drastic actions are teken to bring this department in line with the revenue they are generating? They budgeted $80k per month in revenue or $560k YTD
According to the County Assessor housing valuations have decreased by 30% in 2008 and another 11% in 2009. It will be interesting to see what happens to property taxes this year when we get our new valuation notices in June 2009.
We have a boom and bust cycle in Canyon County. Elected officials are in denial about it and hope prosperity is just around the corner. Let's hope they are right.
Budget time in August this year will surely be painful for cities and Canyon County when they will be forced by law to balance their budgets.
Posted by Paul Alldredge at 10:08 AM