Page 168 - City of Bedford FY22 Budget
P. 168
Franchise Fees & Other Taxes Summary
"4,179,000 -$119,000
(- 2 .7 7 % vs. prior year)
Ot h er T a xes Pr op osed a n d H i st or i ca l Bu d get vs. Act u a l
6M
5M
4M
3M
2M
1M
0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Actual Budgeted Over Budget
Franchise t ax e s are colle ct e d from u t ilit ie s and are fe e s charge d for t he cont inu e d u se of pu blic right -of-way.
The fe e st ru ct u re v arie s from a pe rce nt age of gross re ce ipt s t o a u nit fe e base d on t he nu mbe r of
conne ct ions wit hin t he cit y limit s. Franchise t ax e s cont inu e t o be monit ore d close ly du e t o t he de re gu lat ion
of t he t e le phone indu st ry, signi{ cant | u ct u at ions in nat u ral gas price s and imple me nt at ion of e le ct ric
de re gu lat ion. R e ce nt le gislat iv e change s on how t e le commu nicat ion and cable indu st rie s pay franchise
t ax e s has re su lt e d in a de cre ase in t hose re v e nu e bu dge t s. The C it y also maint ains a cable channe l, which is
fu nde d by a 1 % franchise t ax from cable prov ide rs t o su pport t he gov e rnme nt channe l.
Hot e l occu pancy t ax e s are colle ct e d from e ach of t he nine hot e ls wit hin t he C it y limit s. The C it y hot e l
occu pancy t ax rat e is 7% of t ax able re ce ipt s and re v e nu e s are su bmit t e d on a mont hly basis. This re v e nu e
sou rce is t he primary fu nding of t he Tou rism Fu nd. The ant icipat e d re v e nu e is t he same as last y e ar, bu t
st aff is cont inu ally monit oring du e t o t he e ffe ct s of t he pande mic on t he indu st ry.
The { nal t ax t y pe in t his cat e gory are Mix e d Be v e rage t ax e s. Bu sine sse s wit h a mix e d be v e rage pe rmit mu st
colle ct and re mit mix e d be v e rage sale s t ax on e ach mix e d be v e rage (dist ille d spirit s, be e r, ale , and wine ) t he y
se ll, pre pare or se rv e . The mix e d be v e rage sale s t ax rat e is 8.25 pe rce nt of mix e d be v e rage s.
City of Bedford, TX | Budget Book 2022 Page 168