Page 312 - Bedford-FY22-23 Budget

ACTUAL TARGET PROJECTED TARGET
MEASURE TYPE
20/21 21/22 21/22 22 /23

Economic Development
Gross Retail Square Footage Input 2.9M 2.9M 2.9M 2.9M
Gross Of ce Square Footage Input 2.7M 2.7M 2.7M 2.7M
Labor Force Input 27,502 27,950 28,750 30,000
Total Population Input 48,810 48,820 48,825 48,850
# of Total Businesses Input 1,285 1,350 1,300 1,320
Taxable Commercial Real Output $1,995.10 $2,000.00 $2,035.94 $2,100.00
Property Value (millions)
New Taxable Commercial
Property Value (millions) Output $0.60 $6.00 $18.00 $5.00
Taxable Business Property Output $236.00 $235.00 $232.00 $232.00
Value (millions)
# of New Residential Units Output 5 5 22 55
Total Sales Tax Revenue Output $10.02 $12.50 $12.00 $12.50
(millions)
# of New Businesses Output 76 74 85 80
Commercial Remodel Values
(millions) Output $20.59 $25.00 $4.00 $25.00
Total Taxable Property Values Output $5.19 $5.25 $5.20 $5.50
(billions)
Taxable Property Value per $1
Economic Development Ef ciency $7,249 $15,000 $7,329 $404
Budget
# of Unique Visitors to
Economic Development Web Ef ciency 153 200 150 150
Page Anually
Division Budget as a % of
General Fund Ef ciency 1.16% 18.45%* 18.48%* 1.16%
Effectiveness &
Taxable Sales per Capita $4,098 $4,440 $4,209 $4,217
Outcomes
Effectiveness &
Taxable Sales Per Business $155,642 $160,556 $162,963 $151,515
Outcomes
Single Family Appraised Effectiveness & $260,280 $270,000 $260,280 $280,000
Property Value Outcomes
% Change in Taxable Effectiveness &
Commercial Property Value Outcomes 6% 4% 5% 5%
% Change in Taxable Effectiveness & 4% 7% 4% 4%
Residential Property Value Outcomes
* A budget amendment was approved for a one-time purchase.

Planning and Zoning
# of Ordinances/Resolutions
Presented to City Council Input 4 10 10 10
# of Variances/Special
Exceptions Input 2 3 3 3
# of Civic/Special Input 36 50 65 65
Event/Outside Sales Permits
# of Rezonings - Staff Output 7 10 10 10
Reports/Ordinances
# of Speci c Use Permits -
Staff Reports/Ordinances Output 7 16 20 16

City of Bedford, TX | Adopted Budget FY 2023 Page 312