Page 58 - CityofColleyvilleFY25AdoptedBudget

Revenues by Source

The General Fund is primarily funded through property taxes, followed by sales tax revenues. Property tax revenue
projections are based on the certi ed property values provided by the Tarrant Appraisal District (TAD). The projections take
into account the City’s adopted tax rate and the impact of the newly implemented 7% residential homestead exemption,
which provides tax relief to homeowners. This exemption is expected to moderate the growth in property tax revenues
despite rising property values.

Sales tax revenue estimates are based on trend analysis, which considers historical data, current economic conditions, and
projections for local economic growth. Factors in uencing sales tax trends include Colleyville’s stable retail environment,
ongoing economic development initiatives, and the overall health of the regional economy. The estimates also account for
any anticipated changes in consumer behavior or signi cant new retail developments that could impact sales tax
collections.

Additionally, any revenue estimates provided by external sources, such as consulting rms or other government agencies,
are incorporated into the projections and clearly noted. These external inputs are particularly useful for predicting
uctuations in revenue that may result from broader economic trends or legislative changes.

This combination of data sources and analysis methods ensures that the revenue estimates for the General Fund are both
realistic and aligned with the City’s nancial planning goals.

Projected 2025 Revenues by Source

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Licenses & Permits (2.5%) ) )
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Miscellaneous Revenue (3.6%) ) )
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Charges for Services (5.4%)
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C C h h a a r r g g e e s s f f o o r r S S e e r r v v i i c c e e s s ( ( 5 5 . . 4 4 % ) )
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Franchise Tax (7.5%) ) )
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Sales Tax/Mixed Beverage Tax (18%)
S S a a l l e e s s T T a a x x / / M i i x x e e d d B B e e v v e e r r a a g g e e T T a a x x ( ( 1 1 8 8 % ) )
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A A Ad Valorem Taxes (61%) ) )
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City of Colleyville | Budget Book 2025 Page 58