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manufacturing industry the pandemic has not had a significant financial impact. Another
large influence on the City’s budget is property valuation. The high demand for housing
has continued to increase residential property values. Property values for the City of
Saginaw increased an average of 3.26%. With the adopted rate of 50.8042 cents the
average homeowner will pay $1107.42 in property taxes which is $135.72 higher than last
year. More than half of the increase is for debt issued for citizen approved bond projects.
In the City of Saginaw single-family residential building has slowed but two mixed use
developments, including multi-family residential, has begun construction.

The main attractions of Saginaw are location, land availability, easy freeway access, good
schools, low tax rates, and the general quality of life. Alliance Airport, Meacham Airport,
Eagle Mountain Lake, the United States Currency Plant, Texas Motor Speedway and the
Fort Worth Stockyards are all within fourteen miles of Saginaw’s city limits.

With the City’s continued growth and increasing expectations of our citizens, the
challenges the City faces this year include maintaining a competitive compensation plan
for employees, maintaining current service levels, replacing the outdated Central Fire
Station, starting construction for the new Library and Senior Citizens Center, and
infrastructure improvements that were included in the 2021 bond election. The key
budget issues are:

• Adopt a tax rate that allows us to meet current service expectations, as well as,
meet debt service requirements.

• Retain and recruit quality employees in all departments: The City’s most valuable
asset is its employees. Approximately 11% of our employees have been with the
City twenty years or more and are eligible for retirement under the City’s retirement
plan. Another 11% have been with the City a minimum of fifteen years and will be
eligible for retirement in five years or less. A considerable amount of knowledge
about the City, its history and operations will be lost. It is extremely important that
the City continue to offer competitive salary and benefits in order to hire and retain
quality employees. A 5% salary adjustment is funded for most employees.

• Construction will continue on the Central Fire Station and construction will begin
on the new Library and Senior Citizens Center. Funding for the second phase of
Knowles Drive reconstruction has been budgeted.

• Maintenance and upgrade of existing infrastructure (water, wastewater, streets,
and drainage) include: Construction of the Fort Worth meter station upgrade,
repairs to Jarvis Road, reconstruction of Delmar Court, Indian Crest and Saddle
Trail.

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