Page 100 - FY 2025 Adopted Operating Budget and Business Plan

Business Plan Return to Table of Contents

Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 2: Organize to Improve Operational Efficiency
Project Performance Measure(s) Department(s)
Core Outsourcing Hotel Finance
FED Administration
1.2.4
Summary:
Estimated Actual
Milestone
The number of hotels and short-term rentals (STRs) Completion Completion

rd
continues to increase in the City. Utilizing a 3 party Issue RFP for HOT 11/30/2024
administrator will help provide a better picture of non- Administration
compliant STRs in the City. The administrator will manage Transition Data and 02/28/2025
payment collection, reporting, registration, and Workflow
permitting. Complete Transition 04/30/2025

Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 3: Seek New or Alternative Funding Sources
Project Performance Measure(s) Department(s)
Core 2025 Bond Election Office of Strategic Initiatives
FED
1.3.1
Summary:

OSI is the lead department for the development of bond Estimated Actual
Milestone
elections for the City. A new bond election is anticipated Completion Completion
for May 2025. Project Prioritization July 2024
& Estimates
Project Prioritization and Estimates: Citizens’ Bond Dec. 2024
Departments with capital infrastructure needs will review Committee
the needs, prioritize the highest needs, and provide cost Public Outreach Dec. 2024
estimates for each project. Proposition Feb. 2025
Preparation & Call an
Citizens’ Bond Committee: Election
The City Council will convene a Citizens’ Bond Committee
to review all projects and prioritize the highest need
projects within the established available debt capacity for
a multi-year bond program.

Public Outreach: Proposition Preparation and Calling an Election:
Throughout the program development process, the public City staff will engage a bond counsel to review the
will be informed and have the opportunity to participate in proposed projects and help the City develop bond
the bond program development with a bond program propositions for voters to consider on the May 2025 ballot.
website, informational and educational videos, and a
series of public meetings prior to City Council calling the
bond election.

FY 2025 Adopted Budget and Business Plan 91 City of Arlington, Texas