with Boom and Bust Cycles Rick Osburn City Manager Levelland Texas 2012 PROPERTY TAX VALUES Total Mineral City 533825416 67284030 126 County 4306271160 ID: 802492
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Slide1
Navigating the New Norm
Economic Diversification
withBoom and Bust CyclesRick Osburn, City ManagerLevelland, Texas
Slide22012 PROPERTY TAX VALUES
Total
Mineral
%
City
$533,825,416
$67,284,030
12.6%
County
$4,306,271,160
$3,290,137,660
76.4%
2016 PROPERTY TAX VALUES
Total
Mineral
%
City
$576,009,283
$38,013,670
6.6%
County
$2,311,438,471
$1,198,227,200
51.8%
Slide3Crude Oil Prices - 70 Year Historical Chart
Source: Macrotrends LLC
Slide4Crude Oil Prices - 20 Year Historical Chart
Source: Macrotrends LLC
City Taxable
Value
Sales
Taxes
Slide5Crude Oil Prices - 10 Year Historical Chart
Source: Macrotrends LLC
Slide6Crude Oil
vs Gasoline Prices – 30 YearsSource: Macrotrends LLC
Slide7Preparing for Economic Cycles Prepare the Leadership
Prepare the EntityHave a Direction – PlanEstablish Financial Strength
Slide8Crude Oil Prices - 20 Year Historical Chart
Source: Macrotrends LLC
Operating
Fund
Balance
Percentage
A
AA
Slide9Responding to Economic Cycles Implement the plan
Take Advantage of the Cycle Keep the Faith, Move ForwardKeep Investing in the Community