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Economic Development

The Economic Development Depar tment ser ves the citizens, businesses, and commercial proper ty owners of Colleyville,
as well as prospective new retailers, restaurants, corporate tenants, developers, brokers, and other stakeholders. Tailored
speci{cally to Colleyville’s unique community needs, Economic Development aims to enhance the quality of life by
increasing sales tax revenue, facilitating the quality redevelopment of commercial corridors, boosting commercial
proper ty tax values, adding jobs to increase the daytime population, and par tnering with the private sector to proactively
suppor t commercial development projects that align with Colleyville’s character and values.

Historical Expenditures and Projected Budget
$ 400K

$300K

$200K

$100K

0
FY2021 FY2022 FY2023 FY2024 FY2025 FY2026

Expenditures Actual Expenditures Over Budget Expenditures Budgeted

In FY2026 , the budgeted expenses increased to $308 , 820, marking a 6 . 22 % rise from the previous year's budget of
$290,724 .

Expenditures by Fund
FY 2025
Adopted
FY 2025 FY 2026
FY 2024 FY 2025 Budget vs. FY
Category Adopted Proposed
Actuals Projected 2026 Proposed
Budget Budget
Budget (%
Change)
General Fund
Personnel Ser vices $237,567 $244,449 $252,554 $256,344 4.87%
Contractual Ser vices $41,459 $43,840 $52,340 $50,041 14.14%
Supplies $1,721 $2,435 $2,400 $2,435 0.00%
Total General Fund $280,748 $290,724 $307,294 $308,820 6.22%
Total Expenditures $280,748 $290,724 $307,294 $308,820 6.22%

FY 2025-2026 Annual Budget | Colleyville Page 114