Page 83 - HurstFY23AnnualBudget
P. 83
APPROVED BUDGET FISCAL YEAR 2022-2023
May 2010 resulted in a twenty-year extension of the program. This tax is collected primarily from
non-resident consumers and is not included in the sharing agreement with North East Mall. So,
the City receives full benefit from the half-cent tax levied on applicable sales and services. Fiscal
year 2022-2023 sales tax revenues are projected at $5,500,000. If this revenue source were not
available, the property tax rate would need to be raised approximately 14 cents to fund the 2022-
2023 related expenditures.
STORM DRAINAGE UTILITY FUND
The Storm Drainage Utility Fund was implemented during Fiscal Year 2008-2009. This utility fee
is determined by calculating impervious area for properties throughout the City. The fee is
assessed on water bills and will generate funding for drainage projects and unfunded federal
mandates associated with the state required Stormwater Management Plan. The rate for
residents is $4.00 a month per water meter or $1.93 a month per apartment. For commercial
properties, the rate is $1.19 per 1,000 square feet of impervious area. This category makes up
approximately 1% of the citywide budget.
HURST CONFERENCE CENTER
The Hurst Conference Center (HCC) opened in September 2010. The HCC is the focal point of the
Hurst Town Center. HCC is a state-of-the-art facility that is conveniently located in the heart of
the DFW Metroplex. For information on amenities, rates and menu options please visit
www.hurstcc.com. HCC makes up approximately 3% of the citywide budget.
83
