Page 4 - WestworthVillageFY25ApprovedBudget

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MAYOR’S MESSAGE

I’m pleased to deliver the City of Westworth Village’s 2024-2025 fiscal year budget.

Your city government again met its goals for 2024, as the year was a financial and operational success.
We operated under budget, and this past year’s highlights include the following:

• the city’s net taxable value increased to $524 million, representing a six-percent increase over
last year’s value of $493 million. Since 2016, the city’s tax based has increased an incredible 91
percent.

• a steady tax rate of $0.475, one of the lowest tax rates in the county

• a balanced general fund budget, with strong cash reserves of $13 million, representing 98% of
total annual operating expenses

• another record-breaking year at Hawk’s Creek Golf Club, adding to the prior fiscal year’s
operating surplus, with annual revenue expected to break the $2.2 million mark, with net revenue
of approximately $650,000 (both all-time records)

• moved the F/A-18 at the entrance to NAS JRB to city hall, and painted it like a current U.S. Navy
Blue Angel at no cost to the taxpayers

• hosted an enthusiastically-received appearance for Burton Hill Elementary students by Blue
Angels’ flight and maintenance personnel at city hall, beside “our Blue Angel” aircraft

• continued paydown of the city’s very low bonded indebtedness, now down to only $7.6 million,
with the city’s bonds set to mature in 2030, 2032, and 2033

• imminent new water and sewer lines, and complete repaving, at Kay Lane

• utilized our $680,000 of federal COVID relief funds for design improvements to Kay Lane, Pecan
Drive, and Sky Acres Drive, the next streets in the city’s prioritized capital infrastructure
improvement list

Highlights of this 2024-2025 fiscal year budget include 1) continuation of the city’s historically low tax
rate, 2) five-percent cost-of-living adjustments for all city employees, 3) significant pay raises, enhanced
benefits, and recruiting tools for our outstanding police department, 4) re-roofing of city hall, and 5) re-
surfacing White Settlement Road.

This is my sixth budget delivery, and I trust you are pleased with the city’s progress over the past five
years:

• creation of the city’s first community park, our spectacular Melva Campbell Park (funded 30%
by private donations)

• four new illuminated city limit signs

• completion of the city’s comprehensive drainage plan by the city’s civil engineers, with an
implementation plan for permanent resolution of the city’s drainage issues

www.cityofwestworth.com