Page 83 - Bedford-FY22-23 Budget

In November 1997, Bedford voters approved a half-cent sales tax for the purpose of
maintenance and improvements of the street network. Following approval of the tax
levy, the Bedford Street Improvement Economic Development Corporation (SIEDC)
was created to direct and authorize all expenditures, with the City Council having nal
Edc -4B Street
approval. The Council appointed a corporation that is composed of citizens and
Improvement
elected of cial to oversee the nancial expenditures, street network maintenance and
improvements. The street network is comprised of the roadway, curb and gutter,
sidewalks, traf c signals, lane and intersection markings, and street signs.

Summary
The City of Bedford is projecting $3.31M of revenue in FY2022, which represents a 12.4% increase over the prior year.
Budgeted expenditures are projected to decrease by 47.3% or $1.78M to $1.99M in FY2022.

$6M

$5M

$ 4M

$3M
Ac tual Revenue Source
Budgeted Revenue Source
$2M
Over Budget Revenue Source
Ac tual Expenditures
$1M
Budgeted Expenditures
$0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

City of Bedford, TX | Adopted Budget FY 2023 Page 83