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1
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2
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3
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- Trends
- (U.S.--California--Butte County)
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4
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- Pluses
- 6th year of recovery economic upturn
- Unemployment low at 4.5%
- Net worth increasing
- Energy prices off highs
- Federal Reserve Bank on hold with rates
- 16 months of recession in a 25 year period.
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5
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- Minuses
- Inflation above federal comfort zone of 2-2.5%
- Year old housing contraction
- Significant labor shortage building for the future
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6
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- Pluses
- California doing a little better than U.S. since 2003
- Unemployment lowest since 1990
- High tech industry on rebound
- Energy prices off highs
- Commercial construction activity up
- Per capita income up
- Over past decade California employees have added a net 2.6 million
jobs
- Infrastructure package will benefit state economy
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- Minuses
- Slower economic growth for 2007 (due to housing)
- Housing market down (Resales down 31%; Residential Permits down 43%)
- California tax revenues not as good as 12 months ago; state spending
exceeding revenues
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8
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- "Butte County is the largest California county in terms of
population north of the Bay Area and the Sacramento Valley."
- Population 217,200
- Between 1996 - 2006 population grew 9%
- Population 241,515 by 2015
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- Largest age group (17.3%) 20-29 years of age (37,984)
- Since 1990, persons 50-59 years of age increased 6%
- Same period, persons 30-39 years of age decreased 5.1% (number of jobs
in this age group has declined.)
- Residents over 60 make up higher % of population in Butte County than
State average.
- By 2015, persons 10-19 & 40-59 years
of age expected to decrease most
- Persons 60-69 years of age expected to see highest increase.
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- 75% White (164,718)
- 13.1% Hispanic
- Whites expected to increase 16,857 by 2015
- Hispanics expected to increase 6,579 by 2015
- Blacks smallest population increase 550 by 2015
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- Per Capita Income - $26,051
- Average salary per worker - $33,698
- Median Family Income - $49,700
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- Largest job sectors are government, retail trade, education and health
care services.
- Principal sectors producing new jobs are government, leisure services,
construction, education and health care (250+ jobs each last year)
- Public sector created the most at 380+
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13
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- Per capita income expected to increase an average of 2% per year.
- Population expected to increase 1% per year for the next 5 years.
- Next 5 years, net migration expected to average 1,930 per year.
- Total taxable sales expected to increase 5.5% over the next 5 years.
- Industrial production to increase 2.9% over the next 5 years.
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14
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15
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16
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17
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- WHITE - 93.7%
- HISPANIC - 4.3%
- WOMEN - 53.4%
- BABY BOOMERS (35-54 YRS.) - 27.9%
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18
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- 19% increase in Paradise labor force between 1996 and 2006.
- Paradise labor force - 12,000.
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- 96.6% of Paradise labor force employed (compared to 94.9% in 2005.)
- Paradise unemployment rate 3.33%
(compared to 4.9% for County.)
- 3.6% increase in labor force
since 2005.
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20
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21
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22
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23
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24
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25
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26
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27
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- Total bank deposits: $463,816,000 (Down by $4,184,000 from 2005)
- Actual breakdown of deposits:
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28
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- Second year balanced budget
- Cost of living increases for all employees
- $800,000+ additional streets & roads monies over 10 years
- Retirement obligations financed
- Local economy steady growth (impacts of housing slowdown beginning to be
felt)
- Delays with Skyway Plaza costing Town
- Town govt.-rebuilding, restoration & transition
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29
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30
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31
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32
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33
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34
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35
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36
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37
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38
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39
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40
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41
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42
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43
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44
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45
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46
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47
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- Commercial Building Façade Renovation Program
- Business Recruitment Program
- Business Expansion Program
- New Business Start-Up Program
- Sign Design and Replacement Assistance Program
- Pole Sign Replacement Program
- Tie-in to SBDC, SCORE, Tri-County Economic Development Corporation
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48
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49
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50
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51
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52
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53
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54
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- Paradise Community Park - Completion & Dedication
- Skyway/Foster Streetscape - Late Spring, 2007
- Jeffords Building Renovation - (Mural by Team Paradise)- Summer, 2007
- Pearson Rd. Streetscape Improvements - Summer 2007
- Additional Public Parking - Downtown
- Secure land for clustered septic wastewater treatment facility &
disposal fields
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55
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- Received 2006 Grant Funding from S.H. Cowell Foundation
- Awarded 501(c)(3) status
- EIR public comment phase
- Nationwide permit application submitted
- Site cleared for topographical studies
- Topographical study completed
- Tentative map being developed
- Development & Use Agreements near completion
- Paradise Charter Middle School applying for funding via Prop. 1D
- YFC/CHIP to apply for 2007 HOME funds
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56
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57
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58
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59
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60
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61
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62
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63
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64
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65
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66
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- MSR study for future annexations
- Southeast Specific Plan - October 2007
- County/Town common development standards
- New trash hauler with higher level of services - May, 2007
- New General Plan update process
- Town Hall Community Civic Center planning process
- (Continued on next slide)
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- Wagstaff/Skyway intersection improvements
- Memorial Trailway extended (Neal Rd. to Princeton)
- Business Registration Program
- Skyway Plaza Shopping Center
- Fuel Break - Pentz Road to end of Edgewood
- Town Quarterly Newsletter &
- Mobile Town Hall
- Pedestrian Safety Measures
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68
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Notes
