Page 85 - FY 2026-2027 Adopted Budget Book

Tax Increment Financing (TIF) Fund

On October 27, 2020 the City of Bedford designated a noncontiguous geographic area within the City as a
reinvestment zone pursuant to Chapter 311 of the Texas Tax Code (also known as the "Tax Increment
Financing Act"), to be known as Tax Increment Reinvestment Zone Number One (TIRZ #1).

The City participates in the zone at 75% of the incremental value, both Tarrant County and Tarrant County
College District participate at 50% of the incremental value. This fund accounts for the revenues and
expenditures associated with the zone.

This fund is overseen by the Tax Increment Reinvestment Zone #1 Board of Directors, who make
recommendations to the City Council concerning the administration, management, and operation under the
TIRZ #1 Project and Financing Plan to fund construction of needed public infrastructure improvements that will
yield additional tax revenue to all local taxing jurisdictions.

Fund Summary

Projected revenues total $115.9K, which represents a 5% increase over the prior year.
This fund has no budgeted expenditures.

$100K

$75K
Amount Revenues
$50K
Expenditures
$25K

$0
FY 2024 Actuals FY 2025 Actuals FY 2026 Amended Budget FY 2026 Projection FY 2027 Proposed Budget
Fiscal Year
Data Updated: Sep 15, 2026, 9:54 PM View Report

CALCULATION
FY 2024 FY 2025 FY 2026 Amended FY 2026 FY 2027 Proposed
Actuals Actuals Budget Projection Budget % Change
Revenues
Taxes $110,710 $51,056 $102,946 $102,946 $110,340 7%
Interest Income $5,814 $10,481 $7,500 $8,615 $5,510 -27%
REVENUES TOTAL $116,524 $61,538 $110,446 $111,561 $115,850 5%
Total Revenues less
Expenditures $116,524 $61,538 $110,446 $111,561 $115,850 –

FY 2026-2027 Adopted Budget Book · September 15, 2026 81