Page 46 - CityofSansomParkFY26AdoptedBudget

TIRZ Fund - Summary

The Tax Increment Reinvestment Zone (TIRZ) Fund is used to support redevelopment and revitalization within
a specific area of Sansom Park that has been designated as a reinvestment zone. When a TIRZ is created, the
city sets a base value for property in that zone. As new development happens and property values increase,
the extra tax revenue (called the “tax increment”) is set aside in the TIRZ Fund instead of going into the Gen-
eral Fund. This money is then reinvested back into the zone to pay for public improvements like streets, utili-
ties, sidewalks, and other infrastructure that help attract private investment and encourage growth in under-
developed or aging areas. The goal of the TIRZ Fund is to stimulate economic activity and improve the commu-
nity without raising tax rates citywide.

TIRZ Fund Revenues, Expenses, and Net Surplus by Year

2023-2024 2024-2025 2024-2025 2025-2026 Adopted FY25 vs
Actual Adopted Budget Projected Proposed Budget Proposed FY26
TIRZ
Revenues 861,457 964,899 991,034 1,302,614 35.00%
Expenditures 560,470 1,154,557 1,302,588 1,302,614 12.82%
Net Surplus (Deficit) 300,987 (189,658) (311,554) - -100.00%

FY26 TIRZ Revenues by Line Item

2023-2024 2024-2025 2024-2025 2025-2026 Adopted FY25 vs
Revenues Actual Adopted Budget Projected Proposed Budget Proposed FY26
307-50000 Property Tax City 599,653 710,399 717,273 857,625 20.72%
307-50550 TIF Reimb - Tarrant Co College 50,159 50,000 51,434 51,434 2.87%
307-50551 TIF Reimb - Tarrant Co 116,872 116,000 135,747 135,747 17.02%
307-50552 TIF Reimb - Tarrant Co Hosp 90,669 86,000 82,580 82,580 -3.98%
307-54000 Interest 4,104 2,500 4,000 4,000 60.00%
307-58510 Use of Fund Balance - - - 171,228
Total 861,457 964,899 991,034 1,302,614 35.00%

City of Sansom Park, TX 2025-2026 Adopted Budget 46