Page 14 - Haltom City FY 22 Budget

The second component consists of decision packages. Decision package requests are submitted for items
that will result in a change in the current level of service, including the addition of new programs, equipment
and/or personnel. Decision packages have been presented in budget workshops and were included in
both the Preliminary and Proposed Budget Books. The accepted decision packages are reflected in the
Approved Budget and support City Council’s priorities and goals.

MAJOR PRIORITIES

Goal 1: Economic Development – Three major economic development focuses for the city are the
Northeast Loop 820 Corridor, 377 and the Belknap Corridors and Overall Community revitalization /
redevelopment. In FY 2021-2022, staff is looking forward to the continued implementation of a Strategic
Economic Plan that was designed specifically for our community.

Our three-pronged approach or strategy has been successful because over the past couple of years we
have experienced record growth. Our job-creating industries, our new residential neighborhoods, and
holding to our development and code standards are revitalizing our city and will serve as a catalyst to
obtain more restaurants, retail, etc.

• High Pointe Subdivision (225 homes) is just about to be 100% complete.

• The Stream Luxury Multi-family (1100 units) should start this upcoming year.

• Heritage Place Subdivision (412 homes) has installed roads and utilities and have applied for
building permits.

• The 54-acre Class “A” Midway Logistics Industrial Park (491,000 square feet) on Midway is well
into construction.

• The 72-acre business Park “820 Exchange” (1 million square feet) is almost complete with large
industry leader tenants.

• Our three Marriot developments with multiple restaurants are scheduled to start construction
this upcoming year.

• We have enjoyed the addition of a new Chicken Express, Ollies Department Store, Fire Cup
Coffee, Gomez Western Wear, etc.

• And many more economic development projects are underway.

This growth will widen the Ad Valorem Tax base and as it matures it will increase sales tax revenue by
serving as a catalyst for additional economic development. In addition, these large developments bring
jobs and prosperity to Haltom City and the surrounding region. This new growth will also assist in creating
revitalization opportunities throughout the community.