Page 15 - Microsoft Word - FY 2020 Adopted Budget Document

Budget In Brief

FY 2020 ADOPTED GENERAL FUND REVENUES
The City’s revenue outlook continues to show improvement. The strength in the City’s housing and construction industries has
resulted in another significant increase in ad valorem revenues. Sales tax revenue growth has improved in the past few years;
these revenues are conservatively budgeted at 3.1% above the FY 2019 estimated amount. The assessed value of the City’s
property is up 12.9% from last year. The following table provides a summary of General Fund revenues by major category for
FY 2018 Actuals, FY 2019 Estimates, and FY 2020 Adopted.
FY 2018 Actuals FY 2019 Estimates FY 2020 Adopted
Property Taxes $ 98,098,871 $ 106,095,828 $ 118,832,717
Sales Taxes 62,875,224 66,319,928 68,375,846
Franchise Fees 38,512,617 37,542,889 35,805,914
Service Charges 14,514,113 14,765,247 17,139,027
Fines and Forfeitures 10,597,591 11,215,103 11,150,569
Other Revenues 18,060,839 19,260,034 18,208,735

Total Revenues $ 242,659,255 $ 255,199,029 $ 269,512,808

Revenue projections determine the level of resources that can be allocated for programs and projects to support the City
Council’s goals and objectives. The revenue graph below shows moderate growth in sales tax revenues and a significant
increase in property tax revenues, reflecting the activity in the housing and construction markets.

2020 Adopted Budget and Business Plan 2 City of Arlington, Texas