Page 19 - Mansfield 2019 Operating Budget

• New residential developments that include approximately 3,172 single family homes are in some phase
of platting, design or construction.

• Protection of the City’s credit ratings - All rated funds with strong fund balance positions.
• The City has improved the fund balance to $16,500,000.

• Maintain and expand existing service levels.
• Continue to explore additional revenue sources.

• Add six firefighters and funding for four police officers in the General Fund to maintain current service
demands and plan for future growth.

• Funded $2,518,329 to supplement the city jail operations.

Local Economic Factors Affecting the 2018-2019 Service Programs

• Improved industrial, commercial and residential valuations.

• Increased interest in development along State Highway 360 and Highway 287.
• Increased interest in development downtown.
• Retail, commercial and industrial recruitment and retention.

• Increased tourism efforts City-wide.
• Sales tax related revenue is estimated to increase 7.4% from $11,459,662 in FY 2017-2018 to
$12,306,425 in FY 2018-2019 due to increased population growth, completion of major arterial road
projects and the opening of the Shops at Broad.

• Low unemployment rate.
• Strategic location in the Dallas/Fort Worth area - North/South corridors of Highways 360 and 287.

• A well-planned City including desirable neighborhoods, schools and superior City services.
• Continue aggressive Economic Development programs.

• Current average household family income of $121,578.

Impact of Economy on Surrounding Area Cities

• City of Arlington - population growth based on the 2010 census of 10% since 1990. Major
developments include AT&T (Dallas Cowboys) Stadium and the Arlington Highlands retail center.

• City of Fort Worth - population growth of 38.6% since 1990, based on the 2010 census.
• Dallas/Fort Worth Region - the region’s estimated unemployment of approximately 3.6% is below the
national average.

Impact of National and Global Economies
• The national economy continues to improve.
• Federal Reserve interest rate increases.
• Regional unemployment rate of 3.6%.
• Labor supply and demand.
• Relocation of traditional population centers to the southwest region.

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