Page 135 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

• Use Business Leadership Luncheon series to train and educate Hurst businesses
➢ 10 + Years Long Term
• Develop and promote an incentivized commercial property enhancement program
➢ 10 + Years Long Term
• Offer a business-friendly zoning, site plan and platting process that assures city interests
are considered in development in a timely manner
➢ 10 + Years Long Term
• Continue marketing city and HEB area at specific events, with publication of newsletters,
website updates and Retail Restaurant and Business Guide
➢ 10 + Years Long Term
• Explore ways Police Department can assist with keeping the mall safe, vital and
community friendly
➢ 10 + Years Long Term

PERFORMANCE MEASURES

Input: PY Actual CY Estimate Projected

Number of staff 1 1 1

Budget amount $215,715 $219,623 $219,623
Gross retail square footage (in 6.25 Million sq. 6.30 Million
millions) ft. 6.30 Million sq. ft. sq. ft.

Total number of businesses 1323 1317 1317
Workload/Output:

Taxable value increase/decrease +2% +1% +1%

New taxable commercial value +6% +5% +5%

Number of new businesses 132 115 115
Number of direct business visits 250 250 250

Effectiveness:
Number of published economic
development articles 5 6 6

Conduct business leadership training 0 2 2
Efficiencies:
Direct contacts made with real estate
representatives 200 200 200
Market city economic development at
events 5 5 5

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