Page 92 - ClearGov | Documents

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

Major Revenues

General Fund
City revenue projections are based on a combination of factors, including analysis of historical revenue, anticipated
changes in the local economic environment, and projected growth and development throughout the City. The City of
Mansfield also uses a variety of factors in determining the availability of revenue to fund operations throughout the City,
including, but not limited to, qualitative and quantitative revenue forecasting, trend analysis, time-series analysis, multi-
year historical data, national, state, and local economic trends, undeveloped land, actual and proposed development,
quantitative and qualitative factors including plats and building permits, and the Long-Term Financial Plan.

For the FY 2025-2026 budget, the City has conservatively estimated revenues based on current residential and commercial
developments approved by City Council, robust economic development efforts, and increased commercial and residential
developments within the City. Commercial development in the Shops at Broad and Staybolt Entertainment District and
residential development in the southern portion of the City is expected to continue in FY 2025-2026. Residential and
commercial property valuations have followed recent local, state, and national trends, while sales tax appeared to be
outpacing the previous year at the end of FY 2024-2025.

Page 92