2011 Index of Silicon Valley - Silicon Valley Community Foundation

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Special Analysis The Crisis in Local Government and Choices Facing Our Communities Understanding the Challenge Figure 2-11 County Revenue by Source San Mateo & Santa Clara Counties Percentage of Total General Fund Revenue 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% Securities Investment Lending Income Activities Rents Licenses and and Concessions Permits Investment Other Revenue Income Licenses Fines, Forfeitures, and Permits and Penalties Other Charges Revenue for Services Fines, TaxesForfeitures, and Penalties Charges Intergovernmental for ServicesRevenues Taxes Intergovernmental Revenues 0% 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10* *Fiscal year 2009/10 is projected Note: Two County revenue sources, Rents and Concessions and Securities Lending Activities, represent less than one percent of total revenue; therefore it is not shown on the chart. Data Source: San Mateo and Santa Clara Counties Analysis: Collaborative Economics Over half of county government funding comes from state and federal sources (intergovernmental transfers) and is directed toward health and human services. State and federally mandated programs cover essential services such as adult and juvenile detention and probation, parks, public health, child welfare services, homeless shelters, street maintenance, street lighting, water and sewer, and building inspection and enforcement. Funding for county services without dedicated state or federal sources comes from property taxes, sales and use taxes and vehicle license fees. While intergovernmental transfers represent the largest source of county revenue, the percentage of total county revenues from this source is dropping (Figure 2-11). Between fiscal years 2000/01 and 2009/10, Ingovernmental Revenues decreased from 55 to 49 percent of total general fund revenues. Total revenue from taxes increased 38 percent over the period, and in 2009/10, accounted for 37 percent of total county revenue. This shift in revenue is due in part to the State “realignment” policy reducing State revenue sources in exchange for a greater share of property tax for county government. 64
County Expenditures In terms of county expenditures, Public Safety accounts for the largest share of total expenditures in San Mateo and Santa Clara Counties (Figure 2-12). In 2009/10, public safety represented 33 percent of total expenditures, rising from 30 percent in 2000/01. Public assistance is the second largest expenditure category, representing 27 percent in 2009/10. Education is a small county expenditure category, because the school districts are separate entities with their own revenue streams from the State and not managed by counties. 11 Figure 2-12 County Expenditures by Category San Mateo & Santa Clara Counties Percentage of Total General Fund Expenditures 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% Cost of Issuance Advance Refunding Escrow Principal Retirement Education Recreation and Culture Interest and Fiscal Charges Public Ways and Facilities Capital Outlay General Government Health and Sanitation Public Assistance Public Protection 0% 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10* *Fiscal year 2009/10 is projected Data Source: San Mateo and Santa Clara Counties Analysis: Collaborative Economics Investment in infrastructure is captured in Capital Outlay and Public Ways and Facilities (Figure 2-12). As a percentage of total expenditures, Capital Outlay increased 1.4 percent and Public Ways and Facilities decreased 8.7 percent over the decade. The four expenditure categories Interest and Fiscal Charges, Principal Retirement, Advance Refunding Escrow, and Cost of Issuance in Figure 2-12 represent debt service of the region’s counties. In recent years, counties have increasingly turned toward the issuance of debt to help finance basic infrastructure projects, such as schools, roads and hospitals. In dollar values, debt service increased 33 percent between 2000/01 and 2009/10 and 19 percent between 2008/09 and 2009/10. As a percentage of total expenditures, debt service in the region’s counties increased 0.3 percent over the decade and by 0.4 from 2008/09 to 2009/10. 11 The County Office operates Special Education programs for students with severe disabilities, Court and Community Schools for 2,000 at-risk students, and Regional Occupational Program (ROP) career technical preparation courses for 5,000 high school students and adults. http://www.smcoe.k12.ca.us/Pages/default.aspx 65
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i n d e x OF SILICON VALLEY 2011 PE
Page 3 and 4:
ABOUT THE 2011 SILICON VALLEY INDEX
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TABLE OF CONTENTS 2011 INDEX HIGHLI
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Attracting talent from abroad is im
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SOCIETY Educational and health outc
Page 11 and 12:
Special Analysis The Crisis in Loca
Page 13 and 14:
Silicon Valley’s experience has m
Page 15 and 16: 40,000 Net Migration Flows Foreign
Page 17 and 18: Science & Engineering Degrees Confe
Page 19 and 20: MY Employment Total Employed Reside
Page 21 and 22: MY Total Number of Jobs in Employme
Page 23 and 24: MY 12,000 10,000 Patent Registratio
Page 25 and 26: MY Billions of Dollars Invested (In
Page 27 and 28: MY 0.5% 0.4% Percent of Population
Page 29 and 30: MY 100% 90% 80% Percentage of Nonem
Page 31 and 32: MY Per Capita Income (Inflation Adj
Page 33 and 34: MY Perfect Income Inequality = Gini
Page 35 and 36: Percentage of Eighth Graders Tested
Page 37 and 38: 50% 45% 40% Percent of Students Rec
Page 39 and 40: Vibrant Nightlife San Jose-Sunnyval
Page 41 and 42: Percentage of Population with Healt
Page 43 and 44: Teen Births Teen Births per 1,000 F
Page 45 and 46: Number of Drug and Alcohol Rehabili
Page 47 and 48: Per Capita Water Consumption % Chan
Page 49 and 50: Fuel Consumption per Capita San Mat
Page 51 and 52: About the 2011 Index | 01 Map of Si
Page 53 and 54: 80% 70% 60% 50% Housing Near Transi
Page 55 and 56: Average Rent (Inflation Adjusted) A
Page 57 and 58: 10,000 9,000 8,000 7,000 6,000 5,00
Page 59 and 60: $9 8 Commercial Rents Annual Averag
Page 61 and 62: Figure 2-2 $4.0 City Revenue Aggreg
Page 63 and 64: These trends indicate that all majo
Page 65: Trends in County Revenue and Expend
Page 69 and 70: Based on San Mateo County June 2010
Page 71 and 72: Establishment Churn The National Es
Page 73 and 74: Time Required for Permitting of Ren
Page 75 and 76: ACKNOWLEDGMENTS Special thanks to t
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2011 Index of Silicon Valley - Silicon Valley Community Foundation

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