Economic Vitality
Key Results and Definition
Actual |
Target |
Results |
Status Indicators for Most Recently Reported Results: On Target | Caution | Below Plan | No Information
Monitor and evaluate median home prices to ensure home values remain consistent with the community's needs
Median Home Price
Monitor median home price annually
$321,151 | $350,000 | 2023 |
Implement proactive measures to spur retail growth and expand elastic tax revenue
% of elastic tax revenue
Exceed elastic tax revenue benchmark of 45% annually
44.27% | 45.00% | FY24 |
Develop strategies to remain financially stable by maintaining a low debt to assessed values
Government debt to assessed values
Maintain financial stability by having a low government debt-to-assessed value ratio.
5.40% | 6.00% | 2023 |
Continually maintain a balanced budget
Produce a Balanced Budget
Maintain a balanced budget annually
1.83% Surplus | Balanced Budget | FY24 |