Page 17 - CityofHaltomFY23Budget

Webster to Starlight, Diamond Oaks N/S, Eastridge, Glenview, Hadley, Huddleston, McComas, McCullar,
Meadow Oaks, Ray Drive, Ray Court, Rita, Sabelle, Sewer System Master Plan at Parker Road & Monna,
Starlight, Thomas, and Water Master Plan.
Some of the Streets and Drainage Projects include Broadway (Denton Hwy to SH26), Clay, Denise,
Eastridge, Field, Hadley, Huddleston, McComas, McCullar, Meadow Oaks, Midway, Murray, Nadine,
Parker, Ray Drive, Ray Court, Rita, Roxie, Sabelle, Selma, Springdale, Voncille, and Union Pacific Railroad
Upgrades.

Adopted Adopted
Budget Budget Increase/ Change
Capital Project Funds 2022 FY2023 (Decrease) Percent
Street Reconstruction Fund 6,320,000 12,623,000 $6,303,000 100%
Capital Improvement Fund 13,470,126 20,477,000 7,006,874 52%
Capital Replacement Fund 850,000 850,000 0 0%
Street Assessments Fund 0 0 0 0%
Water & Sewer Utility Projects Fund 7,838,000 12,735,000 4,897,000 62%
Water and Sewer Impact Fees Fund 182,000 230,000 48,000 0%
Drainage Capital Projects Fund 1,855,000 6,427,500 4,572,500 246%
Total Capital Project Funds $30,515,126 $53,342,500 $22,827,374 75%

CONCLUSION

Mayor and Council Members, as a governing body you have been instrumental in creating the two
main factors that have placed Haltom City on the right course for the future. Those factors are fiscal
responsibility and significant economic growth. As always, we strive to strike the balance between fiscal
responsibility to our citizenry, taking care of our employees, and providing the highest level of municipal
services to our community by maximizing the effectiveness and efficiencies of our resources. We are
confident this budget strikes that balance.

This is the lowest tax rate since the 2009-2010 budget. We were able to secure funding for a new law
enforcement center, a new city hall, a new fire substation, a senior center relocation/expansion, new
roads, and enhanced parks while significantly lowering the property tax rate for a second year in a row.

Our goal will be to keep broadening the tax base utilizing the 3-pronged approach of attracting
job-creating businesses, increasing new residential housing, and holding to development and code
standards. The right kind of economic growth will be the answer to sustain our current path.

Once again, I want to thank you Mayor and Council for your dedication, commitment, support, direction, and
leadership to our staff and for our community. Together, we will continually create a community environment
where families flourish, and businesses prosper.

Respectfully and sincerely,

Rex Phelps, City Manager