Page 16 - Hurst Adopted FY22 Budget

APPROVED FISCAL YEAR 2022 BUDGET

We continue to focus on the Council’s strategic priorities with an emphasis on financial
sustainability. The FY 2022 budget was supported by ARPA funds, growth in sales tax revenue,
and modest increases in property values. While these are good indications, we continue to focus
on overall economic indicators and trends. We are still in an era of economic uncertainty and

facing the challenge of inflation both in goods and services, as well as, inflation in the wage and
labor market. The city is predominantly a service organization which requires significant
investment in personnel and wage inflation will be a challenge in the future. Additionally, the
State of Texas recently imposed a new legislative cap on increases in property tax revenue of 3.5
percent. While the decrease is a challenge, it is manageable in most normal years. In periods of
inflation this new cap will result in tough decisions as we work to balance the budget and
continue to provide services and programs our citizens enjoy and expect.

Consistent with the Strategic Plan, we remain committed to protecting and enhancing the city’s
tax base and will continue to monitor and adapt to ever changing economic conditions.
Restoration of the city’s programs and services coupled with success in our redevelopment
programs are energizing the entire city and staff as we reopen city facilities and private
businesses continue to seek Hurst as a favorable location. Through these conservative and
focused efforts, the city will be able to continue to provide quality public services to all Hurst
residents and guests. Hurst remains a great city with a special connection to its community. Our
“can do” attitude and positive outlook helped us through 2021 and will support us through 2022.
We will continue to plan appropriately, manage through challenges, and take advantage of
economic development opportunities.

Sincerely,

Clay Caruthers,
City Manager

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