Page 33 - ClearGov | Documents
P. 33
City of Mansfield Annual Budget and Service Program Fiscal Year 2025-2026 Table of Contents
Budget-in-Brief
FY26 Budget Highlights
City Council voted to decrease the tax rate from $0.645 to $0.639 per $100 of valuation.
City Council maintained the Homestead Exemption at 16%.
The City will provide employees with a cost-of-living adjustment of 3%.
The City will add 23 new full-time equivalent positions city-wide.
The City allocated a total of $8M for new operating equipment and over $260M to address infrastructure needs.
The budget provides for a Community Activation Grant for local businesses.
The City improved the General Fund balance to over $37.4M.
The following pages contain brief summaries of each major fund in the FY 2025-2026 budget.
GENERAL FUND
The General Fund is the operating fund of the City. It is used to account for all revenues and expenditures relating to the
operations of the City that are not accounted for in other funds.
Revenues
The overall General Fund budget for FY 2025–2026 reflects continued growth in revenues driven by increasing property
values and stable sales tax collections. The General Fund budget for FY 2025-2026 is $108,400,667, or an increase of 8.6%
over budgeted revenues in FY 2024-2025. Property tax collections make up approximately 56.2% of the General Fund
operating revenue. Property tax revenue increased 7.8% in the General Fund. Other revenue increases include sales tax,
franchise tax, and fines and fees. Sales tax is estimated to increase by $1,999,800 or 9.55%. This projection is based on
improved sales tax collections in the last quarter of Fiscal Year 2024-2025.
Staffing
The FY 2025–2026 Service Plan includes strategic additions to personnel in key service areas to support growth in public
safety, infrastructure maintenance, and community services. The budget continues to prioritize competitive compensation
adjustments and staffing additions aligned with organizational priorities.
The 2025-2026 Service Plan includes the addition of 16.83 full-time equivalent positions. Overall, salaries and benefits
increased $6.9M or 11%, of which $5.4M was dedicated to salary adjustments for Public Safety personnel. The remaining
increase reflects new personnel and a provision for a 3% cost of living adjustment on salaries for current personnel. The
cost of new positions totals approximately $1,573,015.
Operations and Maintenance
Operating expenditures support essential City services and reflect increases driven by inflationary pressures, contractual
services, and the expansion of service levels in growing departments. Investments in the maintenance of streets, parks,
facilities, and technology are prioritized to sustain service quality.
Operating and Maintenance costs increased 4.4% over last fiscal year. Many departments saw increases in contractual
services and software maintenance agreements, while a few others were able to decrease their overall O&M budgets.
Page 33
