Page 169 - Microsoft Word - FY 2020 Adopted Budget Document

General Fund

ECONOMIC DEVELOPMENT: Bruce Payne, Director

Department Narrative At A Glance

The Office of Economic Development  10 Authorized Positions
strives to grow and diversify the economy,  Budget Break Down
maintain a competitive workforce, Personnel Services $1,087,954
redevelop existing areas, enhance Operating Expenses 366,792
Arlington’s quality of life, and promote Total $1,454,746
cooperation and inclusiveness in
community initiatives. The Office is divided Goals and Objectives
into two functional groups, Economic
Development and Land Banking. The  Goal: Enhance Economic Impact Through Development and
Economic Development group aims to Redevelopment Efforts, Partnerships, and Investment Opportunities
attract and retain businesses and o Objective: Build a Strong and Diverse Business Community
developments that create job opportunities  Goal: Ensure Availability of Information, Programs, and City Services
and add value to the City’s tax base. It o Objective: Provide for the Efficient Access and Appropriate
negotiates and manages agreements Management of the City’s Data
between the City and private
developments; provides information, Revenue Highlights
assistance, and resources to businesses;
and markets the City as a destination for  Real Estate Transfer $375,000
investment. The Land Banking group  Small Cell Fees 190,000
works to acquire property rights for public  Cell Tower Leases 250,000
projects, administer activities related to the  Pipeline License Agreements 75,000
management of the City’s mineral  Total $890,000
interests, and conduct right of way
permitting review and inspections.
Additionally, Land Banking purchases and
manages public land for future economic
development projects.

City‐wide Budget Impacts

FY 2020 expenditures are impacted by a 2% across-the-board compensation adjustment effective April 2020.

2020 Adopted Budget and Business Plan 156 City of Arlington, Texas