Page 165 - City of Arlington FY19 Adopted Operating Budget

General Fund

ECONOMIC DEVELOPMENT: Bruce Payne, Director

Department Narrative At A Glance

The Office of Economic Development  10 Authorized Positions
strives to grow and diversify the  Budget Break Down
economy, maintain a competitive Personnel Services $1,034,009
workforce, redevelop existing areas, Operating Expenses 347,643
enhance Arlington’s quality of life, and Total $1,381,652
promote cooperation and inclusiveness
in community initiatives. The Office is Goals and Objectives
divided into two functional groups,  Goal: Enhance Economic Impact Through Development and
Economic Development and Real Redevelopment Efforts, Partnerships, and Investment Opportunities
Estate Services and Land Banking. o Objective: Build a Strong and Diverse Business Community
The Economic Development group
aims to attract and retain businesses
and developments that create job
opportunities and add value to the
City’s tax base. It negotiates and
manages agreements between the City
and private developments; provides
information, assistance, and resources
to businesses; and markets the City as
a destination for investment. The Real
Estate Services and Land Banking
group works to acquire property rights
for public projects, administer activities
related to the management of the City’s
mineral interests, and conduct right of
way permitting review and inspections.
Additionally, the Real Estate Manager
functions as Land Banker by
purchasing and disposing of public land
for future economic development.

City‐wide Budget Impacts

FY 2019 expenditures are impacted by a targeted 2.5% - 5.7% compensation adjustment depending on their job classification
effective February 2019. Additionally, the city’s contribution to employee health coverage will increase by 4% in FY 2019.

2019 Adopted Budget and Business Plan 150 City of Arlington, Texas