Page 63 - CityofMansfieldFY25Budget

GENERAL FUND ASSUMPTIONS

Revenues

Table 1

Table 1 estimates the amount of residential construction and corresponding increase in the
population based on an assumed multiplier.

Fiscal Est. Population Estimated Estimated Estimated Est. Population
Year January Units Multiplier Added Population December
2024-2025 86,774 1,363 3.50 4,772 91,546
2025-2026 91,546 1,153 3.50 4,036 95,581
2026-2027 95,581 1,803 3.50 6,312 101,893
2027-2028 101,893 1,600 3.50 5,604 107,497
2028-2029 107,497 1,348 3.50 4,719 112,216
2029-2030 112,216 1,408 3.50 4,926 117,142
2030-2031 117,142 1,470 3.50 5,143 122,285
2031-2032 122,285 1,534 3.50 5,368 127,653
2032-2033 127,653 1,600 3.50 5,604 133,257
2033-2034 133,257 1,672 3.50 5,852 139,107

Ad Valorem Tax Assumptions

Table 2

Table 2 estimates the estimated value of new construction of a single-family residential dwelling
and the corresponding property value. The tax rate assumption for Ad Valorem Taxes is
$0.645000 and reflects a 16% Homestead Exemption.

Tax Fiscal Estimated New New New Ad Valoreum
Year Year Residential Units Commercial Residential Tax*
2024 2024-2025 1,363 182,953,531 321,017,193 3,250,611
2025 2025-2026 1,153 55,000,000 412,836,493 3,017,545
2026 2026-2027 1,803 55,000,000 664,938,647 4,643,604
2027 2027-2028 1,600 55,000,000 607,775,040 4,274,899
2028 2028-2029 1,348 55,000,000 527,412,010 3,756,557
2029 2029-2030 1,408 55,000,000 567,414,144 4,014,571
2030 2030-2031 1,470 55,000,000 610,171,569 4,290,357
2031 2031-2032 1,534 55,000,000 655,838,843 4,584,911
2032 2032-2033 1,600 55,000,000 704,577,600 4,899,276
2033 2033-2034 1,672 55,000,000 758,372,551 5,246,253
*Includes TIRZ Value

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