Page 91 - CityofBurlesonFY26Budget

subsidy between entities, funds, services, utilities, and customers. The City
shall require that there be a balance in the revenue system, i.e., the revenue
base will have the characteristic of fairness and neutrality as it applies to cost
of service, willingness to pay, and ability to pay.

4) ADMINISTRATION. The benefits of a revenue will generally exceed the cost of
collecting and administering the revenue program. The cost of collection will
be reviewed periodically for cost effectiveness as a part of the indirect cost
and cost of services analysis. Where appropriate, the City will use the
administrative processes of State or Federal collection agencies in order to
reduce administrative costs.

5) DIVERSIFICATION AND STABILITY. In order to protect from fluctuations in
revenue sources due to changes in the economy and variations in weather, a
diversified revenue system will be maintained to provide stability.

6) GRANTS AND RESTRICTED REVENUES. In order to maintain flexibility in the
revenue system, grants and restricted revenues shall be pursued on a cost-
benefit basis. All grants and other federal/state, and restricted funds shall be
managed and accounted for to comply with the laws, regulations, and
guidance of the grantor.

B. The following considerations and issues will guide the City in its revenue policies
concerning specific sources of funds:

1) COST/BENEFIT OF ABATEMENT. The City will use due caution in the analysis of
any tax or fee incentives that are used to encourage development. Ideally, a
cost/benefit (fiscal impact) analysis will be performed as a part of such caution.

2) NON-RECURRING REVENUES. One-time or non-recurring revenues will not be
used to finance current ongoing operations. Non-recurring revenues should be
used only for one-time expenditures such as long-lived capital needs.

3) PROPERTY TAX REVENUES. All real and business personal property located
within the City shall be valued at fair market value for any given year based on
the current appraisal supplied to the City by the Central Appraisal District of
Johnson County and Tarrant Appraisal District. Total taxable valuation will be
reappraised and reassessed in accordance with State statute, in order to
maintain current market values.

A 98% collection rate shall serve each year as a goal for tax collections. All taxes
shall be aggressively pursued each year by the City's appointed tax
assessor/collector. Tax accounts delinquent July 1st shall be submitted for
collection each year to an attorney selected by the City Council. A penalty shall
be assessed on all property taxes delinquent in accordance with State law and

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