Page 112 - Honorable Mayor and Members of the City Council
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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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