Page 17 - Mansfieldr FY20 Approved Budget

• Maintain and expand existing service levels.
• Continue to explore additional revenue sources.

• Add six firefighters to staff Fire Station #5 expected to open late 2020; add six police officers, two
building inspectors and two part-time positions to fund growing service demands in FY 2020.

• Funded $1,707,893 to supplement the city jail operations.

Local Economic Factors Affecting the 2019-2020 Service Programs

• Improved industrial, commercial and residential valuations.

• Increased interest in development along State Highway 360 and Highway 287.
• Increased interest in development downtown.

• Retail, commercial and industrial recruitment and retention.
• Increased tourism efforts City-wide.
• Sales tax related revenue is estimated to increase 7% from $12,306,425 in FY 2018-2019 to
$13,167,875 in FY 2019-2020 due to increased population growth and the continued expansion of
retail development of the Shops at Broad.
• Low unemployment rate.
• Strategic location in the Dallas/Fort Worth area - North/South corridors of Highways 360 and 287.

• A well-planned City including desirable neighborhoods, schools and superior City services.
• Continue aggressive Economic Development programs.

• Current average household family income of $120,306.

Impact of Economy on Surrounding Area Cities

• City of Arlington - population growth based on the 2010 census of 11% since 1990. Major
developments include AT&T (Dallas Cowboys) Stadium and the Arlington Highlands retail center.

• City of Fort Worth - population growth of 23.3% since 1990, based on the 2010 census.
• Dallas/Fort Worth Region - the region’s estimated unemployment of approximately 3.6% is below the
national average.

Impact of National and Global Economies
• The national economy continues to improve.
• Federal Reserve interest rate.
• Regional unemployment rate of 3.6%.
• Labor supply and demand.
• Relocation of traditional population centers to the southwest region.

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