Page 71 - Benbrook FY2021

INCREASES IN PROPERTY TAX REVENUE

Current property tax revenue for 2020-21 is $14,194,409 for an increase of $717,272 over the 2019-20 re-estimate of $13,477,137.
Delinquent property tax collections for 2020-21 are $53,000 for an increase of $2,406 over the 2019-20 re-estimate of $50,594. Penalty
and interest revenue for 2020-21 is $57,750 for a decrease of $1,094 from the 2019-20 re-estimate of $58,844. 25.25(d) collections remain
the same at $1,600.

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 2019-20 re-estimate of $1,492,007 decreases by $2,007 to $1,490,000 in 2020-
21.

Revenue from the electrical franchise is projected to be $800,000 in 2020-21. Revenue from the natural gas franchise is projected to be
$85,000. Revenue from the telephone franchise is projected to be $80,000. Revenue from the sanitation franchise is projected to be
$350,000. 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 remain flat in 2020-21 due to COVID-19 and
possible shutdown of businesses. The 2020-21 projection is $3,250,000 and the 2019-20 re-estimate is $3,250,000.

Sales tax collections have continued to increase since the completion of the construction project of Benbrook Boulevard (Highway 377 South) in
2017-18.

Revenue from the mixed beverage tax is projected at $4,500 in 2020-21, which is the same as 2019-20.

LICENSES, PERMITS, AND FILING FEES REVENUE

This revenue category is divided into four sub-categories: (1) Licenses (2) Permits and Filing Fees (3) Lodging License Fees, and (4) Planning and
Zoning fees. The 2020-21 Budget includes projected revenue from licenses, permits, and filing fees at $397,400; this projection reflects a net
decrease of $128,860 from the 2019-20 re-estimate of $526,260 due to the completion of several large projects in 2019-20.

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