Page 33 - CityofColleyvilleFY25AdoptedBudget
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Priorities & Issues
            In June 2024, the City Council reaf rmed its commitment to Colleyville’s strategic vision by identifying several key
            priorities for the 2025  scal year. These priorities re ect both ongoing initiatives and new projects that align with the
            City's long-term goals. The adopted budget supports these priorities as well as other key issues, ensuring that Colleyville
            continues to provide exceptional services to its residents while making strategic investments in the community's future.

            Key Priorities for 2025
                .  Recreation Center – Master Plan Site & Referendum
                   a. Following the positive outcome of the May 2024 referendum, the City has initiated a study for the proposed
                     recreation center. This project is central to enhancing community amenities and will be a major focus in the
                     coming  scal year.
                .  Heroes Park – Bid & Construct
                   a. Continuing the City's investment in parks and recreation, funding has been allocated to initiate the bidding
                     process and begin construction on Heroes Park improvements. This project will signi cantly enhance the
                     recreational offerings available to Colleyville residents.
                .  Nor thern Gateway – Flood Study & Proper ty Maintenance
                   a. A comprehensive  ood study and ongoing property maintenance efforts are planned for Colleyville’s Northern
                     Gateway. This initiative is aimed at improving infrastructure resilience and maintaining the area’s appeal as a
                     key entry point into the City.

                .  Continue Beauti{cation – Public Proper ty and Commercial / Private Proper ty (grants)
                   a. The City remains dedicated to beauti cation efforts, both on public property and through grants to support
                     improvements on commercial and private properties. These efforts are crucial to maintaining Colleyville’s
                     attractive and welcoming environment.
                .  Bransford Road Trail
                   a. As part of the City's continued investment in infrastructure, the development of the Bransford Road Trail is a
                     high-priority project. This initiative will enhance connectivity and provide residents with additional recreational
                     opportunities.
                .  Continue Branding / Community Spirit – Holiday Decor, Colleyville Branding on Street Signs, Panther Paw on
                 Fire Truck and Water Tower
                   a. Strengthening community spirit and Colleyville’s brand identity is a priority for the upcoming year. Planned
                     initiatives include the installation of holiday decor, the addition of Colleyville branding on street signs, and the
                     incorporation of the Panther Paw logo on key City assets such as  re trucks and water towers.
                .  Proper ty Acquisition Strategy – Develop Strategy and Identify Key Acquisitions for Open Space, Economic
                 Development, or Public Amenity
                   a. The City Council is focused on developing a strategic approach to property acquisition, identifying key parcels
                     for future open space, economic development, or public amenities. This proactive strategy is designed to
                     support long-term community growth and sustainability.

            Budget Over view
            The 2025  scal year budget is crafted to support these priorities while maintaining  scal responsibility. The budget
            ensures continued investment in the City's infrastructure, parks, and public safety services, with signi cant allocations
            towards the aforementioned projects. Colleyville's philosophy of setting the lowest tax rate possible while ensuring high-
            quality service provision remains unchanged, and the City will only request a tax rate increase when necessary.

            Strategic Adjustments and Long-Term Planning
            The 2025 budget re ects strategic adjustments based on current economic conditions, community needs, and Council’s
            long-term vision. The introduction of a 7% general residential homestead exemption is a key new initiative aimed at
            providing relief to homeowners while balancing the City's revenue needs. Continued investment in infrastructure and
            public safety ensures that Colleyville remains a safe and vibrant community for all residents.

            The City’s multi-year  nancial forecast continues to guide decision-making, ensuring that Colleyville remains  nancially
            stable while making necessary investments in its future. This approach, coupled with the City's focus on ef ciency and
            responsible  scal management, positions Colleyville for continued success in the years ahead.














                City of Colleyville | Budget Book 2025                                                     Page 33
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