7PM // Cozby Library and Community Commons
5:30PM - 11:00PM // Council Chambers, Town Center
10:15AM // Cozby Library and Community Commons
Sign up for the Coppell E-Newsletter
The Coppell Recreation and Development Corporation (CRDC) is a sales tax revenue fund that was established to undertake projects for youth and adult amateur athletics, entertainment and public gathering facilities, exhibition and museum facilities, parks and recreational facilities and more. Coppell voters re-authorized the CRDC's use of sales tax revenue in the November 5, 2013 election.
Because the CRDC is almost entirely funded through sales tax, the majority of fund revenues are collected from non-Coppell residents that commute to the City for work or business reasons and from business to business transactions. In Fiscal Year 2017-2018, the CRDC had revenues of approximately $8 million.
The re-authorized and expanded collection of the half-cent CRDC sales tax has driven the next generation of City infrastructure. Specifically, revenue from CRDC provided major funding for the improvements at the Cozby Library, Andrew Brown Park system, trails, medians and green spaces, and the addition of Life Safety Park.
"By using the CRDC funds, we have been able to create state-of-the-art facilities that serve as community centers," said Mike Land, City Manager. "The Cozby Library is more than a place to check out books – it is a space for the community to come together to participate in activities, learn, and connect. The recently updated Andy Brown Park System gives residents a great place to enjoy the outdoors, exercise and play. Life Safety Park provides residents with a beautiful meeting facility, while Safety Town allows for a unique, interactive education space for children to learn life-saving safety skills."
In Fiscal Year 2018-2019, the City will use funds from the CRDC to construct the long-awaited Arts Center, which is expected to not only provide Coppell residents with direct access to the arts, but also create business opportunities for the City.
"The Arts Center presents an opportunity to create business synergies, drawing locals and visitors alike in helping our restaurants and other businesses in Old Town Coppell to be more successful and to be more attractive to those seeking arts and entertainment alternatives," said former Councilmember Marvin Franklin. "I really think the Arts Center is going to elevate the quality of life in our community."
About the City of Coppell Budget:
The City of Coppell continues to see positive economic indicators in all areas of finance, including the recently reaffirmed AAA bond rating, growth in the tax base and surging sales tax receipts primarily due to thriving distribution centers and business parks. Expenditures, revenues, and reserves have been managed efficiently and proactively for many years, resulting in appropriate fund balances and a strong financial position.
"The City of Coppell is in a great financial position," said Mayor Karen Hunt. "City staff continue to do a fantastic job managing our public monies. We are very fortunate to live, work, and play in a city that places a high value on community and quality of life while focusing on maintaining what we have built."
The City of Coppell works diligently to be fiscally responsible and transparent, and the City continuously receives accolades from outside agencies regarding its financial planning and prudent budgeting practices. The City strongly encourages residents to get involved, attend public meetings and provide feedback on the proposed budget.
For more information about the FY2018-2019 budget, contact the Finance Department at 972-304-3691 or visit coppelltx.gov/budget.