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
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