Page 72 - Benbrook FY20 Approved Budget

CITY OF BENBROOK 2019-20 ANNUAL BUDGET

INCREASES IN PROPERTY TAX REVENUE

Current property tax revenue for 2019-20 is $14,111,041 for an increase of $1,418,242 over the 2018-19 re-estimate of $12,692,799.
Delinquent property tax collections for 2019-20 are $105,078 for an increase of $10,508 over the 2018-19 re-estimate of $94,570.
Penalty and interest revenue for 2019-20 is $63,047 for an increase of $7,355 from the 2018-19 re-estimate of $55,692. 25.25(d)
collections remain the same at $3,000.

FRANCHISE TAXES REVENUE

The City of Benbrook, under the authority granted by the State of Texas, charges local utility companies: Oncor, Atmos Energy Company,
AT&T, and Spectrum (formerly Charter Communications) a franchise tax for the City’s right-of-way. The City also contracts out the sanitation
collection and disposal service and receives a franchise fee from the private contractor. Franchise holders pay the City a percentage (between
three to five percent) based on each utility’s gross receipts. The 2018-19 re-estimate of $1,591,000 increases by $116,000 to $1,475,000
in 2019-20.

Revenue from the electrical franchise is projected to be $800,000 in 2019-20. Revenue from the natural gas franchise is projected to
be $90,000. Revenue from the telephone franchise is projected to be $75,000. Revenue from the sanitation franchise is projected to
be $335,000. Revenue from the cable television franchise is projected to be $175,000.

SALES AND OTHER TAXES REVENUE

Revenue from the City’s one-percent share of the Texas sales tax and other taxes is projected to increase by $50,000 in 2019-20. The 2019-
20 projection is $2,700,000 and the 2018-19 re-estimate is $2,650,000.

Sales tax collections have increased due to the completion of the construction project scheduled for a portion of Benbrook Boulevard (Highway
377 South) in 2017-18. The inconvenience to drivers and pedestrians caused by the construction reduced the number of shoppers and
decreased the volume of sales for a portion of the year; with this project completed, sales tax revenue collections are projected to increase.

Revenue from the mixed beverage tax is projected to increase slightly to $4,500 in 2019-20.

LICENSES, PERMITS, AND FILING FEES REVENUE

This revenue category is divided into three sub-categories: (1) licenses (2) permits and filing fees and (3) Planning and Zoning fees. The 2019-
20 Budget includes projected revenue from licenses, permits, and filing fees at $499,775; this projection reflects a net decrease of $202,233
from the 2018-19 re-estimate of $702,008 due to the completion of several large projects in 2018-19.

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