Page 13 - CityofSaginawFY26Budget

CITY OF SAGINAW
BUDGET HIGHLIGHTS
2025-2026

 Impact fees will partially fund the West McLeroy 12” Water Line Replacement Phase 2.

BELTMILL PUBLIC IMPROVEMENT DISTRICT FUND

 The Beltmill PID Fund was created in FY 2021-2022 to track funds that are received and
to be used for a specific purpose and as outlined in the Service Assessment Plan.

 PID assessments are estimated to be $496,765. Administrative expenses are budgeted
to be $24,650.

 The developer reimbursement expense outlined in the Service Assessment Plan is
$472,345.

 The fund balance at year end is estimated to be $92,106.

TAX INCREMENT REINVESTMENT ZONE FUND

 The Tax Increment Reinvestment Zone Fund was created in FY 2022-2023 to track ad
valorem tax revenue derived from the incremental valuation increase of the property
within the zone. The City of Saginaw, Tarrant County, and Tarrant County College
District are participating at 50%. The receipts will remain in the fund until an appropriate
expense is approved by the Board of Directors.

 Estimated collections are budgeted to be $279,950.

 Administrative expense are budgeted to be $30,000.

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