Page 4 - WestworthVillageFY26AdoptedBudget

4

MAYOR’S MESSAGE

I’m pleased to deliver the City of Westworth Village’s 2025-2026 fiscal year budget.

Your city government again met its goals for fiscal 2025, 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 $523 million, representing a four-percent increase
over last year’s value of $504 million. Since 2016, the city’s tax base has increased an
incredible 95 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 $14 million, representing 99% 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 $2.4 million mark, with net
revenue of approximately $500,000

• continued paydown of the city’s very low bonded indebtedness, now down to only $5.1 million,
with the city’s bonds set to mature in 2030, 2032, and 2033

• concrete repaving of Kay Lane, including new water and sewer lines

• utilized $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 2025-2026 fiscal year budget include 1) continuation of the city’s historically low tax
rate, 2) three-percent cost-of-living adjustments for all city employees, 3) replacement of the city hall
electronic message board, and 4) design of a passive park in front of city hall, completing the
transformation of the city complex into a cultural and community center.

This is my seventh budget delivery, and I trust you are pleased with the city’s progress over the past
six years. With the assistance of our fine city council, committee volunteers and our expert staff, we
have:

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

• designed and purchased four new illuminated city limit signs

• completed 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

• refinanced the city’s bonded indebtedness, saving an average of $30,000 annually

www.cityofwestworth.com