FY 2017 Popular Annual Financial Report FY 2017 Popular Annual Financial Report | Page 2

Mayor’s Message City Council 3 City Manager’s Message 4 City Profile 5 Financial Look Back 6 Financial Cycle 8 Texas Rangers Ballpark 9 Economy 10 Regional Mobility 12 Neighborhoods 14 Education 16 Technology 17 Achievements 18 Financial Highlights 20 Looking Forward 23 Dear Reader, Please allow me to introduce you to the City of Arlington’s 2017 Popular Annual Financial Report. It’s an annual publication summarizing the outstanding work your municipal government has completed this past year and the financial tools it took to accomplish that work. On behalf of my colleagues on the Arlington City Council, I invite you to explore these pages to better understand how your tax dollars and other City revenues have been used to make Arlington a better place to live, learn, work and play. We continue to improve our streets, strengthen our commitment to public safety and enhance the cultural arts and entertainment options for our residents. Fiscal Year 2017 was a momentous one, and this annual report shows the many ways we are meeting the Council priority to Invest in Our Economy. Construction is under way on the Texas Live! entertainment complex, the Live! by Loews luxury hotel and the Texas Rangers’ Globe Life Field. The combined project includes at least $1.35 billion dollars invested in Arlington, more than 3,000 new jobs and 4 million new annual visitors to The American Dream City. The strength of our economic momentum is also evident in the growth of new and existing businesses like General Motors embracing innovation by building a $250-million Arlington Automotive Logistics Center in Arlington that streamlines production and the opening of the new D.R. Horton worldwide headquarters. Summit Racing Equipment also opened its $82-million distribution center in Arlington. These game-changing projects will have a significant impact on our local economy. The year also provided an opportunity to take some important steps to Enhance Regional Mobility, another Council priority. Our Public Works & Transportation crews were hard at work improving 94 lane miles of road across Arlington, nearly $100 million in construction. The City was also named an autonomous vehicle (AV) proving ground, and we are the first city in the U.S. to offer ongoing AV service to the public. We also continued our efforts to Champion Great Neighborhoods in 2017. The City’s Community Relations Commission launched a kindness initiative encouraging residents to spotlight acts of kindness happening throughout our community. The Arlington Police Department continues to be on the forefront of community policing and has been recognized throughout the world for its efforts to work with our neighborhoods to reduce crime and connect with people on a personal level. The City Council also focused resources to Put Technology to Work by joining the national What Works Cities initiative and celebrating the opening of the first urban Tesla Supercharger station in the Dallas-Fort Worth area. And we were proud to Support Quality Education by closing in on the opening of our new Downtown Library in June 2018, a state-of-the-art building that will house a collection of approximately 200,000 print and audiovisual resources, as well as dedicated space for children, teens and adult literacy. But don’t just take my word for it, there’s a lot more to check out in the pages to come. I invite you to learn for yourself why it’s always a great day to be in Arlington, Texas, and why dreams get done in The American Dream City! Sincerely, W. Jeff Williams Mayor [email protected] | 817.459.6121 2 | Popular Annual Financial Report