Page 227 - Bedford-FY25-26 Budget
P. 227
Sales Tax Collection by Type
Sales Tax Collection
20,000,000
15,000,000
10,000,000
5,000,000
0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025* 2026*
4B Econ. Dev. Street Improvement Property Tax Reduction General Fund
The City receives 2% of the Sales Tax on purchases in Bedford. This is further split into three parts based on their allowed use.
One percent is available for use by the General Fund. The citizens of Bedford elected to use one-half percent for a reduction in
the property tax rate. This amount is used in the truth-in-taxation calculation in determining the tax rate each year and also
available in the General Fund. Finally, Bedford voters approved a half-cent sales tax to be used for road maintenance and
improvement needs, which went into effect on April 1, 1998. The 4B funding is used for a program of annual preventative
maintenance of City streets. The Bedford Street Improvement Economic Development Corporation was created to direct and
authorize all expenditures, with the City Council having nal approval. The Council appointed Corporation is comprised of
citizens and elected of cials.
These amounts are net of economic development incentives.
*The gure shown for FY 2025 is the year-end projection, and FY 2026 is the budgeted amount.
City of Bedford, TX | Proposed Budget FY 2025-2026 Page 227
