Page 236 - CityofArlingtonFY26AdoptedBudget

Other Budget Information

Event Trust Fund
FY 2026 Operating Position
The Event Trust Fund is a program administered by the Economic Development & Tourism
Office within the Office of the Governor. The program allows for local governments to
apply to the State for funding to assist with eligible costs associated with hosting events
that meet the requirements under Texas Government Code Chapter 478, Major Events
Reimbursement Program Chapter 479, or the Motor Sports Racing Trust Fund Chapter 480.
The City of Arlington was introduced to the program in Fall 2009, on the precipice of
hosting major events in the upcoming year. Since 2009, City Council and City Manager have
approved numerous agreements in support of major events and the participation in this
program has successfully offset the costs of hosting numerous events each year. The fund
is based on the projected tax increment the municipality expects to see from "eligible
attendees"(outof state &out of market) inthe below tax categories:

• SalesTax
• Alcohol Tax
• Hotel OccupancyTax
• Car Rental Tax

Beginning Balance: $ 4,358,121

Revenues:
Heart of Texas $ 65,012
Big 12 Baseball 34,110
PBR 174,247
AEW Wrestling 148,737
The American 69,774
Total Revenues $ 491,880

Expenditures:
Passion Conference $ 300,000
Indy Car 800,066
American Rodeo 115,000
FIFA World Cup 1,000,000
Total Expenditures $ 2,215,066

Ending Balance: $ 2,634,935

FY 2026 Proposed Budget and Business Plan 230 City of Arlington, Texas