Page 37 - WestworthVillageFY26AdoptedBudget

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ECONOMIC DEVELOPMENT (WRA) FUND

Economic Development (Westworth Redevelopment Authority) is funded by a ¼ cent citizen-
authorized sales tax. This tax is perpetual unless recalled by a vote of the citizens or the bylaws
of the WRA are modified. Expenses are restricted, but this account historically covered golf
course deficits, and now is used for parks/landscape, and administration. This reimburses the
general fund for one full-time and one part-time position for facilities maintenance, including
parks and trails, associated vehicle and equipment needs, maintenance of the medians,
alleyways, and various city common areas. This budget includes a new electronic sign in front
of city hall and funds to design a passive park, on the front lawn. The passive park will include
connecting sidewalks to/from the Burton Hill Road crosswalk to city hall and Melva Campbell
Park, and will add covered picnic table/bench areas, which will be budgeted for completion in
FY2027. A rough sketch of a possible design for this park has been included on the next page.

Economic Development (WRA) Fund Overview
BUDGET Projected Projected Projected Projected
2026 2027 2028 2029 2030
REVENUE
Sales Tax $ 381,659 $ 385,476 $ 389,330 $ 393,224 $ 397,156
Additional Revenue $ 5,000 $ 5,000 $ 6,000 $ 6,000 $ 6,000
Misc Revenue $ - $ - $ - $ - $ -
Total Revenue $ 386,659 $ 390,476 $ 395,330 $ 399,224 $ 403,156

EXPENSE
Building, Parks, & Land $ 425,202 $ 218,192 $ 220,863 $ 223,612 $ 231,440
Administration $ 106,000 $ 106,000 $ 106,000 $ 81,000 $ 81,000
Total Expenses $ 531,202 $ 324,192 $ 326,863 $ 304,612 $ 312,440

Goals and Objectives:
Goal: Increase sales tax through sustainable commercial growth
1. Objective: Create an attractive commercial district to sustain commercial business
and attract new businesses
2. Objective: Create city parks and amenities and improve city landscapes, providing
opportunities and areas for citizens to get out and improve their health and
wellbeing

Performance Indicators:

FY 2025 FY 2026
Goal Indicator FY 2022 FY2023 FY 2024
Projection Budget
1 Sales Tax growth 5% 7% 2% 0% 0%
2 Create city parks 1 0 0 0 0

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