► League City is primarily a “bedroom” or residential community, home to approximately 98,000 residents (2015).
► Located between Houston and Galveston, League City is the fastest growing city in region; accounting for over 90% of growth in Galveston County in past decade.
► Recreational lifestyle, outstanding quality of life, beautiful neighborhoods, excellent schools, abundance of parks and amenities, historic homes, museums, and waterfront.
– 206 Residential Communities
– 30 Schools
– 14 City Parks & Recreation Areas
► Ranked one of the highest “livability scores” in region; scored 85% across U.S. (areavibes.com) considering: cost of living, housing, amenities, education, employment, crime and weather.
► Average household income $99,444, approximately 42% and 57% higher than Galveston and Harris Counties’ average.
Does Being a “Bedroom” or Primarily “Residential Community” Hurt League City Homeowners?
YES! Because residential homeowners in League City pay nearly 82% of the taxes for our city – that is a significant imbalance compared to neighboring cities with average residential taxes at XX%.
► League City commercial taxes are 18.1% and industrial taxes are .10%; residents are burdened with the imbalance because we do not have the commercial business base to share the load.
What Can League City do to BALANCE the “Stool” and Reduce the Tax Burden for Homeowners?
► THE PRIMARY WAY to balance the load is to increase city revenue - League City needs commercial and industrial revenue.
► Revenue from strategic economic development in our city will help reduce homeowner taxes and balance the tax burdens.
► Economic development is the differentiator!
► Cities across our region, state and country compete to recruit businesses. It is the way business is done, IT IS REALITY... whether we like it, or not!
► The most competitive city with the best incentives, wins the development and the resulting economic revenue! Why shouldn’t League City be the winner?
► League City is at a competitive disadvantage with other cities when vying for development opportunities because we do not have dedicated economic development resources – MONEY!