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City of Mansfield Annual Budget and Service Program Fiscal Year 2025-2026 Table of Contents

Economic Development Policy

The City will assess and collect ½ percent on each taxable sales transaction in the City and utilize the revenue to
encourage commercial and industrial development within the City. Commercial and industrial development provides
additional tax revenues, local employment, and shifts a portion of the tax base from the homeowner to the
industrial/commercial entity. The MEDC board has set a goal to split the tax burden equally between the homeowner and
industrial/commercial development.

Infrastructure Development Policy

The development of capital improvements, including street and utility construction, will provide the necessary
infrastructure for residential and commercial development. The City has instituted an aggressive ten-year capital
improvement program to develop the City's infrastructure. This program will be funded with the growth in tax base as
projected. The improvements are being timed to coincide with annual growth in the City.

Service Development Policy

The City of Mansfield has increased the staffing level by 23 Full Time Equivalent positions in FY 2025-2026. As the
population increases, so does the demand for services. City departments are staffed at an appropriate level to maintain
City services. When funding permits, staffing levels may be increased to keep up with the growing demand and to
improve the level of City services.

Planning and Development Policy

The City has and will increase its technical assistance to residential and commercial developers in an effort to develop
systematic growth and development. Residential and commercial zoning has been developed to fit the City's master
Future Land Use Plan.

Budget Preparation Policy

The budget development is based on community and City department needs as identified by the citizens' survey, City
Council, and individual division projections. The budget is based on the projected growth of both revenue and expense
factors city-wide over a ten-year period. Projected commercial and industrial development are also factored into the
overall budget plan.

Purchasing

The City continues to develop a City-wide purchasing plan to simplify, expedite and provide cost savings to all City
departments. The consolidation of purchases, cooperative purchasing, and the expanded use of technology in the
bidding process provides cost savings now and in the future.

Investment Policy

The investment policy applies to all financial assets of the City of Mansfield. Investments and investment reporting
comply with the Public Funds Investment Act. Click here to view the entire Investment Policy.

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