Page 167 - City of Bedford FY22 Budget

N am e FY 2 0 18 FY 2 0 19 FY 2 0 2 0 FY 2 0 2 1 FY 2 0 2 2 Ado pt ed FY 2 0 2 1 Budget ed
Ac t ual Ac t ual Ac t ual Budget ed Budget v s. FY 2 0 2 2
Ado pt ed Budget
( % C hange)
Ge n e ra l Fu n d
Sa l e s Ta xe s $8, 1 62, 981 $8, 57 3, 87 1 $8, 928, 293 $8, 50 5, 0 0 0 $9, 84 4 , 0 0 0 1 5. 7 %
To t al General Fund: $8 ,162 ,98 1 $8 ,5 73 ,8 71 $8 ,92 8 ,2 93 $8 ,5 0 5 ,0 0 0 $9,8 44,0 0 0 15 .7%

E d c -4 B Stre e t Im p rove m e n t
Sa l e s Ta xe s $2, 7 7 3, 7 35 $2, 934 , 7 1 1 $2, 993, 87 9 $2, 90 0 , 0 0 0 $3, 30 0 , 0 0 0 1 3. 8%
To t al E dc -4B St r eet
$2 ,773 ,73 5 $2 ,93 4,711 $2 ,993 ,8 79 $2 ,90 0 ,0 0 0 $3 ,3 0 0 ,0 0 0 13 .8 %
Im pr o v em ent :
To t al: $10 ,93 6,716 $11,5 0 8 ,5 8 2 $11,92 2 ,172 $11,40 5 ,0 0 0 $13 ,144,0 0 0 15 .2 %

Sales Tax Collection by Type

Sales Tax C ollection
14M
M
M
$13 3 3 M

$
$
1
1
1
2
2
$ $12M
$
1
M
M
12M
M
2
2
M
$ $ $12M
1
1

$ $12M
$
2
M
M
1
1
2

$
$
1
M
M
1
1
1
$11M
1
1
1
1
$ $11M $ $ $11M
$

M
1
M
M
1
M
1
1
1
1
$ $11M
$
M
1
1
M
0
1
0
M
M
$
$10M
$
1

10M

1
$
$10M
$
0
M
M
1
0
8M
s
e
u
l
a
V
6 M
4M
2M
0
2013 2014 2015 2016 2017 2018 2019 2020 2021* 2022*
4B Eco n. D e v. S tre e t Im pro ve m e nt P ro pe rty Tax R e ducti o n Ge ne ral F und
The Ci t y r ecei v es 2% o f t he S al es Tax o n pur chas es i n B edf o r d. Thi s i s f ur t her s pl i t i nt o t hr ee par t s bas ed o n t hei r al l o wed us e.
O ne per cent i s av ai l abl e f o r us e by t he G eneral F und. The ci t i zens o f B edf o r d el ect ed t o us e o ne-hal f per cent f o r a r educt i o n i n
t he pr o per t y t ax rat e. Thi s am o unt i s us ed i n t he t r ut h-i n-t axat i o n cal cul at i o n i n det er m i ni ng t he t ax rat e each y ear and al s o
av ai l abl e i n t he G eneral F und. F i nal l y , B edf o r d v o t er s appr o v ed a hal f -cent s al es t ax t o be us ed f o r r o ad m ai nt enance and
i m pr o v em ent needs , whi ch went i nt o ef f ect o n Apr i l 1, 19 9 8. The 4B f undi ng i s us ed f o r a pr o g ram o f annual pr ev ent at i v e
m ai nt enance o f Ci t y s t r eet s . The B edf o r d S t r eet Im pr o v em ent Eco no m i c D ev el o pm ent Co r po rat i o n was cr eat ed t o di r ect and
aut ho r i ze al l expendi t ur es , wi t h t he Ci t y Co unci l hav i ng { nal appr o v al . The Co unci l appo i nt ed Co r po rat i o n i s co m pr i s ed o f
ci t i zens and el ect ed o f { ci al s .
Thes e am o unt s ar e net o f eco no m i c dev el o pm ent i ncent i v es . F i g ur es s ho wn f o r F Y 2021 and F Y 2022 ar e budg et ed am o unt s .
City of Bedford, TX | Budget Book 2022 Page 167