Page 10 - FY2020Colleyville

In June 2019, the City Council held their annual priority setting worksession, at which
eight high priority objectives were established, as well as honing in on zoning,
economic development, and financial strategies (listed below).

Preparation of any budget requires the allocation of finite resources. Staff’s role is to
guide the process by creating and managing a budget that reflects the City Council’s
and the community’s highest priorities. Development of the fiscal year 2019 budget
was guided by the priorities outlined in the City of Colleyville’s Strategic Plan. Every
new effort and element of the City’s budget, including existing programs, is tied to
one or more of these goals, strategies, and objectives.

Issues & Challenges

Colleyville benefits from a strong residential base, which helps mitigate the negative
effects of economic fluctuations. Property values have rebounded from the declines
experienced in fiscal years 2011 and 2012, and have experienced tremendous growth
in the last several years. 2019 certified values increased 7% in total, compared to
2018 certified values. One of the City Council’s highest priorities has been minimizing
the tax burden of our citizens. As such, careful consideration is given to the amount
of revenue (and associated tax rate) needed, as opposed to simply maintaining a tax

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