HTML Coverpage Q1Board of Supervisors 2023
Financial Stability and Core ServicesEmergency PreparednessEconomic DevelopmentBroadbandHousingHomelessnessRecreationClimate Resilience
Initiative DetailsTrack Deliverables for the Economic Development Service Contract with Sierra Business CouncilImplement Last Mile Broadband Projects (Round 1)Maintain GoNevadaCounty.com to promote sustainable tourismAdopt a policy declaring “Broadband is essential infrastructure” to signal this is a County priority. Complete the Programmatic EIR and expand the permitting “tool kit” to facilitate broadband.Manage the “Last-Mile” Broadband Grant program with Sierra Business Council.Evaluate the feasibility of a pilot “line extension” grant program. Update the County's “Broadband Strategy.”Fund and implement the "Dig-Once" policy.Develop a map of projects in the County to show service areas and gaps. Engage and inform the community about County efforts to expand broadband.Seek grant funding and advocate at state and federal level for broadband.Partner with the Sierra Business Council to support Economic Development countywide.Provide support to small businesses impacted by Covid-19 pandemic.Provide support to small businesses impacted by Covid-19 pandemic.Support development of the Higgins Area PlanDevelop a cannabis business tax programHousing Master Plans ProjectSupport development of the Penn Valley Community CenterIdentify lessons learned and opportunities to enhance permitting processesEconomic Development ProfileSupport potential high growth sector developmentCultivate economic diversification, sustainability and equityEstablish infrastructure, further projects and plans to support economic vitalitySeek funding and advocate for economic development prioritiesSupport business attraction, retention and growthFinalize and approve the Nevada County Recreation and Resiliency Master Plan.Promote health and safety at river crossings, lakes, trailheads, and other high-use or high-risk areas.Enhance recreation access, health and safety, economic development, and resource conservation.Support capacity and sustainability of Western Nevada County organized recreation.Identify funding mechanisms and act on advocacy priorities to sustain recreation.Staff recreation collaborative(s) to promote countywide coordination.Establish partnerships to advance and undertake broadband construction projects.Community CoordinationMonitor economically sensitive revenues Reduce Hazardous Vegetation on County-Maintained Roads and County Owned PropertyTruckee Lofts ProjectEvaluate the options and feasibility of establishing a Business License process in the County.Ensure healthy fund balances in major operating fundsPrepare and implement long-term financial plansDevelop and manage County budgetClimate Strategic PlanHarden Critical InfrastructureEnhance Carbon Storage and SequestrationFunding and AdvocacyHazard MitigationRecoveryIncrease availability of rental and mortgage assistance funding to prevent individuals and families from slipping into homelessness and implement a CoC-wide diversion strategyExpand services and housing opportunities to transition aged youth and families with children to prevent entry into the adult homeless system and long-term homelessness.Strengthen housing focused case management and post housing supportive servicesExpand year-round shelter capacityImplement a centralized Landlord Liaison Program (LLP)Facilitate and promote partnerships for the development of affordable and supportive housingExpand and strengthen non-congregant, navigation-based, interim housing optionsSupport system wide improvement to data collection measures, collaboration on funding opportunities, and implementation of the County-CoC joint strategic planStrengthen the coordinated multi-disciplinary case conferencing team (Homeless Resource Team)Continue to support and strengthen outreach, engagement, and case management
Caution

Monitor economically sensitive revenues

Board of Supervisors 2023

Description

Monitor activity in key economically sensitive revenues as an indicator of overall fiscal stability and to identify potential need to take corrective action.

Progress Update

Mar-23
  • Property and Transfer Taxes
    • Property taxes are continuing to grow in the current Fiscal Year.
    • However, transfer taxes have historically been indicative of future trends in property tax revenues.
    • Transfer taxes have been softening over the last couple of years. 
      • This is in part due to an unprecedented increase in transfer activities in FY 20-21, presumably a result primarily of COVID-19 pandemic driven market activity, which was anomalous and unlikely to continue.
    • FY 22-23 transfer taxes YTD are outperforming FY 19-20 (pre-pandemic spike) but are still less than the previous two Fiscal Years through the same reporting period.

  • Sales Tax
    • Sales tax revenues appear to be softening, though will likely perform relatively flat as compared to FY 21-22.

  • Business Activity
    • Building fees are on track to perform relatively flat as compared to FY 21-22.
    • Recording fees are down as compared to previous years and on track to underperform as compared to adopted budget.
      • Similar to transfer taxes, these fees experienced an unprecedented increase coincident with the COVID-19 pandemic. 
      • However, the revenue projections indicate reduced activity even as compared to pre-pandemic years.

  • Gas Tax
    • Gas tax revenues are relatively strong in the current FY and on track to exceed previous years.

Next Steps

Mar-23
  • Continue to monitor key revenue streams.
  • Develop response plans if/when necessary.

Measures

Caution
Property Taxes and Transfer Taxes
Board of Supervisors 2023
Caution
Other key general fund revenues
Board of Supervisors 2023
Caution
Business Activity
Board of Supervisors 2023
On Target
Gas Tax
Board of Supervisors 2023

Objectives

On Target
Financial Stability and Core Services
Board of Supervisors 2023

Owner