Page 11 - CityofColleyvilleFY23AdoptedBudget
P. 11
Issues & Challenges
Colleyville bene ts from a strong residential base, which helps mitigate the negative effects of economic uctuations,
such as those we have seen recently. Property values all over Texas has been experiencing tremendous growth
recently, and Colleyville is no exception. While the City is close to build-out, Colleyville did see close to $60 million in
new property growth in both the current year and previous year, most of which is located outside of the Tax Increment
Financing District. One of the City Council’s highest priorities has been minimizing the tax burden of our citizens, so
City of Colleyville | Budget Book 2023 Page 11
