Page 36 - City of Watauga FY22 Adopted Budget

BUDGET OVERVIEW

COMMUNITY PROFILE AND GENERAL INFORMATION

The City of Watauga is located in Tarrant County, approximately 10 miles northeast of
downtown Fort Worth and 25 miles northwest of downtown Dallas. The City’s corporate
boundary comprises approximately four square miles. Watauga’s current population is
approximately 23,770.

The City of Watauga is part of the Metroplex of north-central Texas, which includes the
cities of Fort Worth and Dallas and has a total estimated population of nearly 7.6 million
people. The economy of the area is based upon banking, commerce, insurance,
technology, energy, healthcare, medical research, transportation and logistics. Dallas-
Ft. Worth is home to 25 Fortune 500 companies. The region boasts a GDP of just over
$472.33 billion. The 11 county Dallas-Fort Worth Metroplex has been designated as one
Consolidated Metropolitan Statistical Area (CMSA), and is the most populous area in both
Texas and the Southern United States.

Economic conditions in the Metroplex continue to be influenced by the development and
operation of the Dallas-Fort Worth International Airport which is located only ten miles
southeast of Watauga. The airport, which celebrated its 47th anniversary in January 2021,
TH
covers approximately twenty-eight square miles and currently ranks as the 4 largest
th
airport in the world based on operations and the 12 largest based on passengers served.
The airport is so large that it has its own zip code and emergency services.

Watauga

28