Northeast Tarrant

Cities approve budgets, tax rates for fiscal 2016

The North Tarrant Express project has helped Hurst become “stronger than ever, as is evident through the surge in economic development in and around the project and throughout the city,” said Clay Caruthers, assistant city manager for fiscal services.
The North Tarrant Express project has helped Hurst become “stronger than ever, as is evident through the surge in economic development in and around the project and throughout the city,” said Clay Caruthers, assistant city manager for fiscal services. Star-Telegram

Hurst, Euless and Bedford continue to attract big-name restaurants and retail, and they are still seeing strong growth as the economy improves.

Recently, the cities adopted their 2015-16 budgets and property tax rates.

Residents will see more streets repaired, park improvements and water lines replaced, and employees will also see pay raises.

Here is a snapshot of the budgets:

Hurst

▪ Total budget $75,653,308.

▪ Operating budget $71,318,944.

▪ General fund $33,462,875.

▪ Property tax rate: 61.056 cents per $100 of assessed value.

Highlights

▪ Full-time employees will see a 3 percent pay raise while part-timers will see a 25-cent-per-hour raise.

▪ Residents will also see a 5 percent increase in water and sewer rates because of higher costs to provide the water.

▪ The city’s adopted budget includes a 1 percent increase in sales tax revenue. Property values increased by less than 1 percent, but the city paid off and refinanced a portion of its debt, providing about $175,000 in savings.

“This year’s budget wasn’t quite as challenging as it has been in recent years, due to the significant boom in economic development,” said Clay Caruthers, assistant city manager for fiscal services. “We’re 98 percent built out, and as a result, depend on redevelopment and new ways to reinvent existing properties. We emerged from the historic highway construction stronger than ever, as is evident through the surge in economic development in and around the project and throughout the city.”

Bedford

▪ Total budget $65,778,951

▪ General fund $30,660,277

Highlights

▪ The property tax rate, 49.4833 cents per $100 of assessed value, hasn’t increased in three years, but property owners could see higher tax bills if their property values increase.

▪ Employees will get a 4 percent pay raise.

▪ Projects to be funded: commercial vehicle enforcement program, upgrade for online services, patio for the senior citizens center, more digital content at the Bedford Public Library.

▪ Water rates are increasing 2 percent and sewer rates 5 percent because of increasing costs from the Trinity River Authority.

“We are seeing record sales tax increases and a continued improvement in property values,” said Meg Jakubik, strategic services manager.

Euless

▪ Total budget $144,823,036.

▪ Operating budget $114,213,908.

▪ Property tax rate remains the same, 46.75 cents per $100 of assessed value.

Highlights

Projects to be funded: East Harwood Road extension through Dallas/Fort Worth Airport to International Parkway at Rental Car Drive, a combined effort of the Texas Department of Transportation and the airport; street overlays; water and sewer line replacements; expansion of Texas Star sports complex to include a new athletic field with lighting, 190 parking spaces, scoreboard, irrigation and landscaping.

Elizabeth Campbell: 817-390-7696, @fwstliz

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