Page 68 - Mansfield 2019 Operating Budget

GENERAL FUND ASSUMPTIONS

Revenues

Table 1

Table 1 estimates the amount of residential construction and corresponding increase in the
population based on an assumed multiplier.

Estimated Estimated Estimated Estimated Estimated
Year Population Units Multiplier Added Population Population
2019 71,134 652 3.49 2,276 73,410
2020 73,410 712 3.49 2,485 75,895
2021 75,895 750 3.49 2,618 78,513

2022 78,513 750 3.49 2,618 81,129

2023 81,129 750 3.49 2,618 83,747
2024 83,747 750 3.49 2,618 86,363

2025 86,363 750 3.49 2,618 88,981

2026 88,981 750 3.49 2,618 91,598
2027 91,598 750 3.49 2,618 94,216

2028 94,216 750 3.49 2,618 96,833

Ad Valorem Tax Assumptions

Table 2

Table 2 estimates the estimated value of new construction of a single family residential dwelling
and the corresponding property value. The tax rate assumption for Ad Valorem Taxes is $0.71.

Tax Estimated New New Ad Valoreum *Annual
Year Residential Units Commercial Residential Tax Total
2019 652 56,019,775 286,880,000 2,434,588 2,434,588
2020 712 56,019,775 313,280,000 2,622,028 2,622,028
2021 750 56,019,775 339,900,000 2,811,030 2,811,030
2022 750 56,019,775 350,097,000 2,883,429 2,883,429
2023 750 56,019,775 360,599,250 2,957,995 2,957,995
2024 750 56,019,775 371,417,250 3,034,803 3,034,803
2025 750 56,019,775 382,560,750 3,113,922 3,113,922
2026 750 56,019,775 394,037,250 3,195,405 3,195,405
2027 750 56,019,775 405,858,000 3,279,332 3,279,332
2028 750 56,019,775 418,033,500 3,365,778 3,365,778

*Includes TIRZ Value

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