Page 67 - Mansfieldr FY20 Approved Budget

GENERAL FUND ASSUMPTIONS

Revenues

Table 1

Table 1 estimates the amount of residential construction and corresponding increase in the
population based on an assumed multiplier.

Estimated Estimated Estimated Estimated Estimated
Year Population Units Multiplier Added Population Population

2020 73,410 625 3.49 2,181 75,597
2021 75,597 750 3.49 2,618 78,215
2022 78,215 750 3.49 2,618 80,832
2023 80,832 750 3.49 2,618 83,450

2024 83,450 500 3.49 1,745 85,195

2025 85,195 750 3.49 2,618 87,812
2026 87,812 750 3.49 2,618 90,430
2027 90,430 750 3.49 2,618 93,047
2028 93,047 750 3.49 2,618 95,665

2029 95,665 750 3.49 2,618 98,282

Ad Valorem Tax Assumptions

Table 2

Table 2 estimates the estimated value of new construction of a single family residential dwelling
and the corresponding property value. The tax rate assumption for Ad Valorem Taxes is $0.71.

Tax Estimated New New Ad Valoreum *Annual
Year Residential Units Commercial Residential Tax Total
2020 625 56,019,775 275,000,000 2,350,240 2,350,240

2021 750 56,019,775 339,900,000 2,811,030 2,811,030
2022 750 56,019,775 350,097,000 2,883,429 2,883,429

2023 750 56,019,775 360,599,250 2,957,995 2,957,995

2024 500 56,019,775 247,611,500 2,155,782 2,155,782
2025 750 56,019,775 382,560,750 3,113,922 3,113,922

2026 750 56,019,775 394,037,250 3,195,405 3,195,405
2027 750 56,019,775 405,858,000 3,279,332 3,279,332

2028 750 56,019,775 418,033,500 3,365,778 3,365,778
2029 750 56,019,775 430,575,000 3,454,823 3,454,823

*Includes TIRZ Value

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