Page 14 - CityofHaltomFY23Budget

The second component consists of decision package requests. Decision package requests are submitted
for items that will result in a change in the current level of service, including the addition of new
programs, equipment and/or personnel. Decision packages have been presented in budget workshops
and were included in the Preliminary Budget Book. The accepted decision packages were reflected in the
Proposed Budget and support City Council’s priorities and goals.

MAJOR PRIORITIES

Economic Development – Three major economic development focuses for the city are the
Northeast Loop 820 Corridor, 377 and the Belknap Corridors and Overall Community revitalization /
redevelopment.

Our three-pronged approach or strategy has been successful because over the past couple of years we
have experienced record growth. Our job-creating industries, our new residential neighborhoods, and
holding to our development and code standards are revitalizing our city and will serve as a catalyst to
obtain more additional economic development.

• High Pointe Subdivision (225 homes) is now 100% complete
• The Stream Luxury Multi-family (1100 units) should start construction within this fiscal year

• Heritage Place Subdivision (412 homes) are currently under construction
• The 54-acre Class “A” Midway Logistics Industrial Park on Midway has been completed

• The 72-acre business Park “820 Exchange” is now complete

• Our three Marriot development with multiple restaurants are scheduled to start construction
by the end of this fiscal year

• Hoffbrau Restaurant (new construction to commence March 2023)

• The 9-acre Cowtown Brewery development (construction to start by March 2024)
• Alexis Event Center is now complete

• Scannell Distribution (under construction)

• And numerous other developments are underway or being negotiated

This growth has begun to broaden the Ad Valorem Tax base and as it matures it will increase sales tax
revenue by serving as a catalyst for additional retail development. In addition, these large developments
bring jobs and prosperity to Haltom City and the surrounding region. This new growth will also assist in
creating revitalization opportunities throughout the community.

Compensation – As a recap of last year’s budget, compensation focused on market adjustments. The
city had not had a market adjustment for the employees since 2014 and the majority of that was for
public safety. We are in a unique and competitive job market, and we had fallen too far behind other
cities. Additionally, if we fall too far behind it becomes almost impossible and too costly to catch
up. This year’s budget focuses on retaining employees in a very different overall job market. We all