Page 17 - CityofWataugaAdoptedBudgetFY25

primary objectives when pursuing development opportunities: maximizing
economic benefit to the City while enhancing the quality of life enjoyed by our
residents.

o Slowing revenue growth, most notably in sales tax, is projected to continue over
the next fiscal year.

o The City must account for continued inflationary pressures to include the
increasing cost of salaries, benefits, and supplier increases.

o Changes adopted by the Texas State Legislature continue to impact this budget
as well as future budgets, most notably Senate Bill 2 that imposed a revenue cap
of 3.5%.

Long Term Focus

The City continues a long-term approach through various planning tools. These include
the following:

❖ A Comprehensive Land Use Plan was adopted by City Council to be used as a
tool in the development of the City. As the City approaches full build out, planning
initiatives for re-development and improvement of certain aging corridors in the
City are of primary focus.

❖ The Equipment Replacement Fund put into place a few years ago continues to
be assurance that certain equipment, technology, and vehicle needs will be met in
the future.

❖ The Capital Outlay Plan provides for a 5-year format to identify timing of
replacement and sources of funding for major equipment, vehicles, and technology
City-wide.

❖ 5-year Capital Improvement Plan is a long-range financial planning document
that revolves around several major street projects, water/sewer system
infrastructure projects as well as significant improvements to our storm water
drainage system.

❖ The Parks Master Plan identifies various parks improvement projects throughout
the City of Watauga. Many of these projects are incorporated into the 5-year
Capital Improvement Plan with funding sources identified.

❖ A Personnel Enhancement Plan identifies needed personnel positions to provide
quality services and programs to our Citizens.

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