Page 10 - Colleyville FY19 Budget

In June 2018, the City Council held their annual priority setting worksession, at which
nine consensus priorities were identified (listed below).

SH26 corridor Develop TIF 5-Year Plan
enhancements- design & bid Strategy

City Plaza - finalize design & Set priorities & implement
construct Parks Master Plan

Multi-purpose Center study to Continue improving City
determine scope (Senior/Rec/ events and opportunities
Community) --> Go/No Go
decision = intended outcome for engagement

Explore, develop and expand
5-Year Capital Trail Master community partnerships -
Chamber, County road
Plan projects, other cities,
Entrepreneur Center, etc.

Communication Strategy &
Enhancements

Preparation of any budget requires the allocation of finite resources. Staff’s role is to
guide the process by creating and managing a budget that reflects the City Council’s
and the community’s highest priorities. Development of the fiscal year 2019 budget
was guided by the priorities outlined in the City of Colleyville’s Strategic Plan. Every
new effort and element of the City’s budget, including existing programs, is tied to
one or more of these goals, strategies, and objectives.

Issues & Challenges

Colleyville benefits from a strong residential base, which helps mitigate the negative
effects of economic fluctuations. Property values have rebounded from the declines
experienced in fiscal years 2011 and 2012, and have experienced tremendous growth
in the last several years. 2018 certified values increased 7.7% in total, compared to
2017 certified values. One of the City Council’s highest priorities has been minimizing
the tax burden of our citizens. As such, careful consideration is given to the amount
of revenue (and associated tax rate) needed, as opposed to simply maintaining a tax

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