Page 4 - WestworthVillageFY23AdoptedBudget

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MAYOR’S MESSAGE

I am pleased to deliver the City of Westworth Village’s 2022-2023 fiscal year
budget.

I’ve closed the last three years’ budget messages by stating “Westworth Village
is poised for continued economic success, and for an ever-increasing level of
municipal service to its citizens.”

Once again, your city government met its goals.

While the 2021-2022 fiscal year did not present the immense pandemic

challenges of the prior fiscal year, your local government operated under budget,
and significant accomplishments occurred during the past fiscal year, including:

• grand opening of the city’s first true park, Melva Campbell Park,
which has been an overwhelming success

• the city’s certified tax base increased to $443 million, representing a
ten percent increase over last year’s value of $381 million. Since 2016,

the city’s tax base has increased an incredible 74%.

• a steady tax rate of $0.475, less than the city’s historical
$0.50 per $100 valuation tax rate

• a balanced general fund budget, with strong cash reserves increased to
76% of total annual operating expenses

• the city’s bond rating increased two levels to “AA,” the same rating as
Fort Worth and Arlington -- unheard of for a town of our size

• prioritized implementation of and funding for the city’s comprehensive
drainage city plan

• new modern illuminated city limit signs

www.cityofwestworth.com