Page 21 - CityofMansfieldFY25Budget

Impact of Economy on Surrounding Area Cities

• City of Arlington - population growth based on the 2020 census of 7.9% since 2010. Major
developments include AT&T (Dallas Cowboys) Stadium, Globe Life Park, and the Arlington
Highlands retail center.

• City of Fort Worth - population growth of 24% since the 2010 census.
• Dallas/Fort Worth Region – considered the most populous metropolitan area in the state of Texas. An
estimated unemployment rate of 4% which is consistent with, if not slightly lower than, the State and
the U.S. unemployment rates.

Impact of National and Global Economies

• The increasing cost of services and supplies/materials.
• High interest rates have slowed down development.
• Labor supply and demand – lingering effects of Covid-19 on the workforce.
• Continued relocation of traditional population centers to the southwest region.

Challenges

• Sustaining momentum.
• Strategic Long-Term Planning - an improving economy and expanding service demands.
• Funding and timing of infrastructure improvements.
• Staff retention and recruitment; the loss of key personnel in FY24.
• Organizational development - quality workforce and quality services.
• Increased communication and transparency efforts are falling short of the public’s expectation.
• Economic development – expanding retail and commercial opportunities.
• Providing operating capital funding and funding for new positions while balancing tax relief.
• Facilities are at max capacity.

Our Vision

“A vibrant city for people and businesses that value world

class experiences, culture, quality, and a second-to-none level
of community service in a hometown environment.”

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