Page 11 - CityofLakeWorthFY26AdoptedBudget

LETTER TO

Mayor & Council

HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL,

I am pleased to present to you the Budget for the City of Lake Worth for Fiscal Year
2025–2026. This document has been prepared in accordance with the requirements of

the City Charter, applicable State laws, and the City’s adopted financial policies. It
outlines the City's anticipated revenues and planned expenditures for the period

beginning October 1, 2025, and ending September 30, 2026.

The proposed budget is a reflection of our continued commitment to fiscal

responsibility, operational excellence, and strategic foresight. It allocates resources in

direct alignment with the City Council’s Strategic Plan for 2025 and serves as a financial
roadmap that supports our vision for a sustainable and thriving community.

As with previous years, the budget upholds our conservative fiscal approach that has
contributed to Lake Worth’s sound financial position, including an excellent bond rating

of AA- from Standard & Poor’s. This rating reflects the City’s prudent financial
management and responsible stewardship of public funds. Our community continues to

benefit from a strong financial foundation that enables us to respond to evolving needs

while pursuing opportunities for growth and improvement.

This budget not only sustains essential municipal services but also invests in key
priorities that move Lake Worth forward. It ensures that our employees are equipped

with the tools, training, and support needed to deliver the high level of service our

residents and businesses expect and deserve. Furthermore, it reinforces our dedication
to “The Lake Worth Way”—a culture rooted in professionalism, innovation, and public

service.