Page 95 - Colleyville FY21 Budget

Performance Measures & Vital Statistics

FY 2021
Performance Measures FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Target
Colleyville retail occupancy 96% 97% 94% 94% 93% 92%
rate
Colleyville office
occupancy rate 92% 93% 92% 91% 88% 90%
Percentage growth in sales
of sales tax revenue 8.0% 0.5% 4.0% (0.2%) 8.0% 2.00%
(General Fund)

Department Resources

FY 2021 General Fund Economic Development:

$222,701

Assistant City Contractual, Supplies, $2,435 , 1%

Manager/Executive $41,340 , 18%
Director of

Economic

Development and
Communications

Personnel,
$180,824 , 81%

5-Year + Outlook

The next five years will be important for economic development in Colleyville. The
reconstruction of SH26 will bring about redevelopment opportunities and the development of
the Northern Gateway into a high-quality commercial project will lead the way. The City will
continue to look for opportunities to promote existing business with programs, as well as
pursue redevelopment opportunities along the Colleyville Boulevard corridor.

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