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Value of Building Permits

Commercial Building Permits are a key indicator of construction activity in the City.  The annual value of building permits issued includes new construction as well as tenant improvements in existing buildings.  Construction activity affects city revenues in two ways: permits are a source of revenue for the City and investment in local businesses and infrastructure has a direct benefit in the assessment of property taxes.  Construction activity is also an indirect measure of job creation since this activity creates jobs.   

Annual Value of Building Permits Issued
Fiscal Year
Commercial
Residential
Total
2002-2003
$31,135,945
$24,455,337
$55,591,282
2003-2004
$23,077,791
$55,682,445
$78,760,236
2004-2005
$36,246,436
$51,084,370
$87,330,806
2005-2006
$59,409,642
$51,352,348
$110,761,990
2006-2007
$113,302,288
$58,443,097
$171,745,385
2007-2008
$79,417,170
$74,815,505
$154,232,675
2008-2009
$35,953,048
$38,744,973
$74,698,021
2009-2010
$26,055,660
$42,312,734
$68,368,394
2010-2011
$33,732,928
$53,386,138
$87,119,066
2011-2012
$63,620,292
$63,576,838
$127,197,130
2012-2013
$75,515,134
$154,416,186
$229,931,320

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