Page 75 - CityofBurlesonFY25AdoptedBudget

base will have the characteristic of fairness and neutrality as it applies to cost
of service, willingness to pay, and ability to pay.

4) ADMINISTRATION. The benefits of a revenue will exceed the cost of collecting
and administering the revenue program. The cost of collection will be
reviewed annually for cost effectiveness as a part of the indirect cost and cost
of services analysis. Where appropriate, the City will use the administrative
processes of State or Federal collection agencies in order to reduce
administrative costs.

5) DIVERSIFICATION AND STABILITY. In order to protect from fluctuations in a
revenue source due to changes in the economy and variations in weather, a
diversified revenue system will be maintained to provide stability.

6) GRANTS AND RESTRICTED REVENUES. In order to maintain flexibility in the
revenue system, grants and restricted revenues shall be pursued on a cost-
benefit basis. All grants and other federal/state, and restricted funds shall be
managed and accounted to comply with the laws, regulations, and guidance
of the grantor.

B. The following considerations and issues will guide the City in its revenue policies
concerning specific sources of funds:

1) COST/BENEFIT OF ABATEMENT. The City will use due caution in the analysis of
any tax or fee incentives that are used to encourage development. Ideally, a
cost/benefit (fiscal impact) analysis will be performed as a part of such caution.

2) NON-RECURRING REVENUES. One-time or non-recurring revenues will not be
used to finance current ongoing operations. Non-recurring revenues should be
used only for one-time expenditures such as long-lived capital needs.

3) PROPERTY TAX REVENUES. All real and business personal property located
within the City shall be valued at 100% of the fair market value for any given
year based on the current appraisal supplied to the City by the Johnson
County Appraisal District and Tarrant County Appraisal District. Total taxable
valuation will be reappraised and reassessed in accordance with State
statute, in order to maintain current market values.

A 98% collection rate shall serve each year as a goal for tax collections. All
taxes shall be aggressively pursued each year by the City's appointed tax
assessor/collector. Tax accounts delinquent July 1st shall be submitted for
collection each year to an attorney selected by the City Council. A penalty
shall be assessed on all property taxes delinquent in accordance with State
law and shall include all court costs, as well as an amount for compensation
of the attorney as permitted by State law and in accordance with the

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