DeSoto FY21-FY22 Budget Book

Tax Base Components

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

62% 62% 65% 65% 62% 62% 63%

38% 38% 35% 35% 38% 38% 37%

2015 2016 2017 2018 2019 2020 2021

Commercial

Residential

1.4 Gross Domestic Product - GDP GDP is one of the most common indicators to gauge the economy’s health. The U.S Bureau of Economic Analysis provides the GDP information by Metropolitan Area. The chart below summarizes the changes in GDP index. The data exhibits a healthy economic trend starting in 2011, although the effects of COVID are evident in the 2020 figures.

Dallas-Fort Worth-Arlington Area - Real GDP

500

450

400

350

300

250

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Billions of Constant 2012 U.S. $

111

Made with FlippingBook Annual report maker