Page 20 - CityofMansfieldFY23Budget

Management Strategies

Management monitors all development activity within the City during the year to manage the resources of
the City. The economic climate in the City of Mansfield continues to prosper along with the improving
economies of the state and nation. Well-timed infrastructure improvements, stringent development
standards and aggressive economic development strategies have created additional opportunities for
commercial and retail expansions. The residential market continues to add new development throughout
the City.

2022-2023 Budget Highlights

• City Council voted to decrease the current tax rate from $0.69 to $0.68 per $100 of valuation.
• City Council voted to increase the Homestead Exemption from 10% to 12%.

• The City will provide a Cost-of-Living adjustment of 2.5% for staff and a one-time salary supplement
of up to 2.5% based on performance.

• Implementation of Fire and Police Department step plans with maximum salary caps.
• The City will add 20 new full-time equivalent positions city-wide.
• The City has allocated $3.2M for operating equipment.

• Increased funding and staff for the Street Maintenance program to address infrastructure needs.
• Continued emphasis on planning and infrastructure improvements.

• Continued development of new commercial and residential areas throughout the City.
• Funding for the design of City facilities to address the lack of sufficient space and plan for the future.
• The budget provides for a Community Activation Grant for local businesses.

• Updated permitting and ambulance fee schedules to bring the City closer in line with surrounding cities.
• Funding for a Master of Public Administration program with the University of Texas in Arlington for
selected City Staff to develop future leaders.
• Expansion of the Emergency Operations Center, to include technology upgrades and a new position.

• The City has improved the General Fund balance to over $27,000,000.
• Protection of the City’s credit ratings - All rated funds with strong fund balance positions.

Local Economic Factors Affecting the 2022-2023 Service Programs

• Citizen survey results that focused on improving streets and traffic congestion, continuation of public
safety funding, and enhancing community engagement and transparency.

• Improved industrial, commercial, and residential valuations.
• Increased interest in development along State Highway 360 and Highway 287.

• Increased interest in development in Historic Downtown.

• Retail, commercial, and industrial recruitment and retention.

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