Page 12 - Burleson FY22 City Budget

track with competing agencies. The total cost for the public safety step plan is
$409,000.
• Market adjustments To continue to be competitive with surrounding cities, employees
that are below the market are receiving adjustments to place them closer to the mid-
point in their salary ranges. The budget allocates $266,000 for market adjustments.

• Merit Increases – The FY 2021-22 proposed budget includes a 3.5% average merit
increase for non-step plan positions. The cost of this merit increase is approximately
$752,000 for the coming fiscal year.
• Health Insurance The city and employee contributions into the Health Insurance Fund
will not increase in FY2022. Premiums are projected to increase by 5% from FY 2023 to
2026.
• Retirement – Texas Municipal Retirement System (TMRS) rate increased from 16.16%
to 16.64%. The funding ratio is 82.2%, and closed amortization period is 24 years as of
January 2021.

Economic Development

• Ellison Street Project The new development will double the size of Old Town’s core by
bringing over 50,000 square feet of retail, office and restaurant space to the Old Town
Area. The project will occur in two locations in Old Town, 135 W. Ellison St. and 114 W.
Ellison Street. The development at 135 W Ellison St. will consist of seven buildings and
will include 29,755 square feet of retail space and 22,050 square feet of office space.
There will also be a new parking lot constructed at 140 W. Bufford St. in conjunction

with the development that will offer 64 new spaces. The developer has already signed
two tenants for the 135 W. Ellison St. location, Heim Barbecue and Razoo’s Cajun Café.
The development at 114 W Ellison Street will consist of 5,500 square feet of retail
space and 5,500 square feet of office space.
• Chisholm Summit Master Planned Community The 915-acre site is the city’s first
master-planned community and will feature residential homes, over 100 acres of
dedicated parkland, including an equestrian center, a community park, pocket parks,
and over ten miles of an interconnected trail system that will weave through the
development. The estimated taxable value of the development is $1.15 billion and city
tax collections are expected to increase by approximately 10%.

• Hooper Business Park – The 106-acre medical and professional office park within the
Chisholm Summit Master Planned Community will improve access to Chisholm Trail
Parkway for the community and encourage development on the city's west side.

• HighPoint Business Park Anson PDR, a 12,500 SF paintless dent repair tool distributor,
opened in HighPoint Business Park in FY 20-21. Yukon Ventures and Saxum Real Estate

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