Page 29 - Hurst FY19 Approved Budget

Provide for infrastructure maintenance and facility improvements in the
operating budgets. A total of $1.7 million has been budgeted in the General Fund
for street, facilities and equipment maintenance (excluding allocations to Fleet
and Information Technology funds). Aggressive infrastructure rehabilitation and
replacement programs, utilizing pay-as-you-go funding, have been implemented
to provide citizens high quality services while minimizing interest and other costs
associated with debt issuance. In the Enterprise Fund, approximately $818,154
has been budgeted primarily for water and wastewater system maintenance. The
Community Services Half-Cent Fund has $1.8 million budgeted for capital outlay
and infrastructure maintenance for parks, recreation and library purposes. The
Anti-Crime Half-Cent Fund has approximately $748,820 budgeted for equipment
and facility maintenance and the Storm Water Management Fund has budgeted
approximately $1.16 million for drainage maintenance and improvements
throughout the city. The Information Services capital replacement program totals
approximately $211,900, and the Fleet Services capital replacement program totals
$316,000. Three police patrol units and one service vehicles will be replaced in
2018-2019. Vehicle and equipment replacement decisions are based upon usage,
age, and overall condition. City-wide, pay-as-you-go infrastructure maintenance
and facility improvements, as detailed above, total over $7.9 million.

Provide for an economic development program to protect the existing
business base and promote future development of the city. As previously
discussed the city engaged in an economic development study in FY 2016-2017,
which resulted 13 neighborhood areas identified across the city. This planning
process is the continuation of our Transforming Hurst initiative. Until recently
the Transforming Hurst initiative was focused on the development of municipal
facilities, now Transforming Hurst will be used to drive the focus on engaging our
citizens in smaller settings to identify opportunities to transform Hurst that foster
greater community connection and involvement in the process. As these smaller
projects add up, Hurst will begin transform our community through targeted
economic development and redevelopment. To this end, funding for economic
development and redevelopment has been identified as a priority. The Special
Projects Fund includes dedicated resources to support our efforts as well as
direction from the council to transfer and excess revenue at year end into a special
account reserved for Transforming Hurst. In addition to funding for economic
development and redevelopment, funds are also included within the budget to
protect against revenue loss due to economic conditions. Historically, our most
significant economic development projects in the City of Hurst are the North East
Mall expansion and construction of the Shops at North East Mall. City participation
in their projects provided an opportunity to expand the city’s sales and property
tax bases by offering a regional shopping destination. The city maintains a close
partnership with the local mall management and with their counterparts at Simon
Property’s corporate headquarters. Mall management recently called a meeting

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