Michael W. Kovacs, City ManagerCity of Fate, Texas

let’s discuss

Planning for Prosperity

Regional Growth

North Texas Growth (2010-2040)

Before 19551956 - 19651966 - 19751976 - 19851986 - 19951996 - Present2040 Forecast

$114,379

$191,895

Tax Revenue

Expenses

Sample Neighborhood in Fate

$16,003

$30,654

Property Franchise Sales

General Fund Ongoing Expenses Depreciation

$12,619

$30,654

Oh No! ….. Now Multiply Out ….

Poverty Cycle Set in Motion 8:1

“Stop Digging the Hole”

Running Operating Cost Numbers

Financial SustainabilityDepreciation FY 2018

$2,596,703

Total Accumulated Depreciation

Government Activities:$10,623,111

Business Activities:$11,737,965

Lafayette, LA – Net Revenue to City by Acre

Fort Worth Return on Investment (ROI)

Courtesy of: Felix Landry, Urbex Solutions

Fate, TX – Net Revenue to City (2050)

Vertical Mixed Use Focus Areas

PID Streets/Maint./Replace 20:1

Downtown Projects …… 36: 1

Dense Infill Projects 36:1

Fort Worth – What Works – Condos & Towns

$2 in revenue for every $1 to serve

Michael W. Kovacs, City ManagerCity of Fate, Texas

let’s discuss

Planning for Prosperity