Page 103 - Fort Worth City Budget 2019

General Fund

SUMMARY OF SERVICES AND PERFORMANCE MEASURES

FY17 FY18 FY19
Key Measures Actual Estimated Target Desired Level

Business Recruitment
Utilize performance-based incentives and public/private partnerships to attract corporate clients from designated industry clusters.

Increase commercial property tax base by 3% 9.50% 10% 3% 5%

% of incented projects require wages that meet the 50% 68% 75% 100%
average Tarrant County wage rate

Business Retention
To develop relationships with local businesses to prevent their relocation, establish early warning systems to identify at-risk
businesses that require assistance and/or promote the expansion of the business that adds jobs and investment.

Number of retention visits 46 23 80 80

Minority Small Business or Women-Owned Business Enterprise (MSWBE)
Responsible for implementing and tracking compliance with the City's Business Diversity Enterprise (BDE) Ordinance in order to
create more diversified procurement and contracting opportunities.

# of MSWBE outreach events hosted/attended. 64 116 25 25
25% of applicable citywide contract $ go to MSWBEs 31% 30.00% 25% 25%

Commercial Mixed Use
To partner and expedite commercial and mixed-use projects that will provide an overall positive impact for the City and expand the
City's tax base in a manner that exceeds the service delivery costs to the City

% of approved incented projects with at least 10:1
private to public investment ratio 73% 76% 100% 100%
90% of incented development has a positive net fiscal 67% 70% 90% 90%
impact to the general fund

Targeted Areas

Manage the City's Tax Increment Finance District program so that the individual districts experience positive tax base growth.

% of new development projects that exceed 150% of 82% 88% 85% 85%
current per acre taxable value for their area

Year-over-year % growth of City property tax revenue
within targeted areas 8.18% 10.00% 5% 5%

103