Page 80 - Bedford-FY22-23 Budget

This fund was created in FY 2021-2022 to account for the Tax Reinvestment
Zone. The City participates in the zone at 75% of the incremental value,
Tax Increment
both Tarrant County and Tarrant County College District participate at 50%
Financing
of the incremental value. This fund accounts for the revenues and
expenditures associated with the zone. As this fund is new and the Zone
(TIF) Fund
was only recently created, there are no expenses in this fund at this time.

Summary

City of Bedford, TX is projecting $66.45K of revenue in FY2023, which represents a 0% increase over the prior year. Budgeted
expenditures are projected to increase by 0% or N/A to N/A in FY2023.

$80K

$60K

$ 40K

Budgeted Revenue Source
Budgeted Expenditures
$20K

$0
FY2023

City of Bedford, TX | Adopted Budget FY 2023 Page 80