Page 58 - Mansfield 2019 Operating Budget

healthy in the City. The State of Texas employment percentages continue to fluctuate as
the State’s economy adjusts from the ever changing prices of oil and gas. Even though
the State is suffering from a drought in the oil and gas industry the overall economy of
the State is fairly stable as Texas is a leader in the exportation of goods around the world.
Although, nationally some areas of the country are still struggling in their recovery from
the Great Recession, the State of Texas and the North Texas region are doing well and
the signatures of fundamental growth are present. The City expects these trends to
continue into the future barring any unforeseen economic calamity.

Growth expectations are based on projected population estimates by the City’s planning
department. Support for these population projections are corroborated by the continued
growth in the overall population of the State of Texas, and the continued population
growth in the North Texas region.

Population Estimates

100,000
80,000

60,000

40,000
20,000

0
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

The near term financial trends present favorable operating conditions within the City, and
Management will continue to monitor the near term trends as projections are based on
improving economic conditions within the City. Measurement indices of fiscal policies
will be monitored by Management too. Continued assessment of the economy will
condition Management’s action and responses in adjusting the revenues and expenses of
the City’s primary activities.

Strategic Plan Highlights

Population

Estimated 2019: 73,410
Estimated 2028: 96,833

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