More Good News
While we are still basking in the glory of the latest sales tax numbers, I thought I'd pass on some additional data that demonstrates how Manteca is outperforming our adjoining cities. The Council of Governments collects a Regional Transportation Fee (RTIF) based on the amount of development annually built in each San Joaquin County jurisdiction.
I recently received the annual report on RTIF collections. Obviously, collections were not exactly robust in 2008-2009. However, without Manteca, collections would have been downright depressing.
While Manteca comprises approximately ten percent of the county's population, we were responsible for nearly 40 percent of all the RTIF revenue collected county-wide. In addition, the report shows that out of 414 single family permits issued countywide in 2008-2009, 237 came from Manteca. Tracy, Ripon, Escalon and Lathrop issued a cumulative total of two residential building permits this past fiscal year. Manteca was also the home of nearly half the office development in the county during this time.
Since the RTIF program was put in place several years ago, Manteca has issued nearly half of all the single family building permits countywide and nearly half of all the retail and office permits in the county. With the spate of building activity this year, I expect Manteca to continue to be the county leader in most types of construction.
These numbers are yet another vindication for the economic development policies promoted by our City Council during this decade.
I've attached the data below regarding the program if you'd like to see the detail.
RTIF.pdf
rtif-2.pdf
I recently received the annual report on RTIF collections. Obviously, collections were not exactly robust in 2008-2009. However, without Manteca, collections would have been downright depressing.
While Manteca comprises approximately ten percent of the county's population, we were responsible for nearly 40 percent of all the RTIF revenue collected county-wide. In addition, the report shows that out of 414 single family permits issued countywide in 2008-2009, 237 came from Manteca. Tracy, Ripon, Escalon and Lathrop issued a cumulative total of two residential building permits this past fiscal year. Manteca was also the home of nearly half the office development in the county during this time.
Since the RTIF program was put in place several years ago, Manteca has issued nearly half of all the single family building permits countywide and nearly half of all the retail and office permits in the county. With the spate of building activity this year, I expect Manteca to continue to be the county leader in most types of construction.
These numbers are yet another vindication for the economic development policies promoted by our City Council during this decade.
I've attached the data below regarding the program if you'd like to see the detail.
RTIF.pdf
rtif-2.pdf
Labels: Budget, Economic Development
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