Page 112 - Honorable Mayor and Members of the City Council

9) The City of Benbrook's property tax rate remains at $0.6400 per $100 valuation during the entire period of the
long- range financial forecast.

10) For 2018-19, assessed valuations increase by 9.50 percent; in future years property values in Benbrook are
expected to increase by at least two percent due to proposed development and revaluation of property by TAD.

Franchise Tax Collections

The revenue projections for 2018-19 are based on actual payments made in 2017-18 by each of the utility companies.
Future increases in the City's franchise tax collections are based on the forecasted inflation rate, estimates provided by
the utility companies, and the City's projected population increases. The 2018-19 projection and all future year
projections for revenue from the City's franchise agreement with Atmos Energy Company, Spectrum Communications,
Trinity Waste Systems, and AT&T are based on the revised franchise agreement implemented in 1992-93. The
franchise payments from Oncor include the amended percentage approved by the Texas Legislature for 2018-19 and
future years of the forecast. Revenue from franchise fees increases at the rate of inflation combined with projected
increases in population.

Sales and Other Local Taxes

Sales tax collections are expected to rise substantially in the middle of 2018-19 upon the completion of the Benbrook
Boulevard Project. Sales tax revenue is expected to increase steadily, by a minimum of 5.00 percent, throughout the
forecast years. In 2018-19 sales tax revenue is projected to increase by approximately $100,000 from $2,350,000 to
$2,450,000. Future increases are based on growth in population and on the rate of inflation. Sales tax from new
businesses is expected to impact the City's sales tax collections in 2018-19 and in future years.

Licenses, Permits, and Filing Fees

Building permit issuance for residential properties is expected to increase in 2018-19 and to continue to increase for
years after 2018-19 based upon planned development in Benbrook.

Fines and Forfeitures

All revenue from fines and forfeitures is projected to increase at the rate of the estimated population growth for years
CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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