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Posted on: April 29, 2022

City of Webster Groves Releases Proposed Budget for FY2023

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Webster Groves, Mo. – The City of Webster Groves today released the FY2023 Proposed Budget. The City Council will begin budget discussions at the May 3, 2022, City Council meeting. The budget projects revenues of $28 million. 

“The City submitted a balanced budget, but that balance comes with a caveat of using American Rescue Plan (ARP) dollars and fund balance reserves,” said Dr. Marie Peoples, City Manager. “Without those funding avenues, the city workforce and services would be drastically reduced. While using ARP and reserve funding is appropriate uses of the funds and it is recommended, these funds are not sustainable avenues to balance the budget as we step into the future.” 

Some significant changes have been proposed within the budget to allow for improved efficiencies within the City. Highlights include continued improved fiscal accountability and transparency by budgeting for community engagement, future retirements, technology, and the structural infrastructure needs of City buildings. Additionally, a conscious effort to join residents to be more sustainable is reflected within the budget, City vehicles scheduled for replacement are proposed to be electric, and roof replacements are planned to be solar. While sustainable improvements can save money over time, they generally come with a larger initial cost.  

Employee salaries and benefits are the largest expenditure of the City’s budget. The budget proposes salary increases for the 29 positions identified as underpaid by the recent Compensation and Classification Study. These positions would be brought up to the minimums within the new pay ranges. Additionally, the budget proposes a 2 percent cost of living adjustment (COLA) for all City employees. The all-items Consumer Price Index for all Urban Consumers increase for the 12 months ending in March of 2022 was 8.5%, compared to 2.6% in March of 2021. These increases will allow for the City to remain competitive with recruitment and retention efforts.  

“The City remains fiscally sound and our bond rating is optimal, still the current conditions obviously present a challenge of significance,” said Dr. Peoples. “However, in order to reverse the structural deficit over the next few years, strong measures are needed. In order to continue providing the level of services residents expect, we must re-vision and re-design our work. We simply cannot afford to continue operations as they’ve always been.” 

The largest funds and general roll up are highlighted below:
 

  • Total revenues are estimated at $28,631.882 with expenditures estimated at $28,002,537.  
  • General Fund expenditures are projected at $19,373,945 with revenues and transfers in anticipated to be $19,373,945. The projected General Fund reserve balance for the end of the current fiscal year is estimated to be $9,725,699.
  • Capital Improvement Program expenditures proposed for the upcoming year total $3,510,655 with the overall Program total for the five years equaling $21,911,250. 
  • American Rescue Plan funds are included in the budget for revenue replacement and also a proposed $1,025,000 of the ARP funds are budgeted for appropriations for various programs throughout the City.  

The Council will begin reviewing the proposed budget at the City Council meeting on Tuesday, May 3 at 7:30 p.m. The community can attend the meeting in-person at City Hall or via Zoom by visiting webstergrovesmo.gov/teleconference

FY2023 begins on July 1. To view the proposed budget, please visit webstergrovesmo.gov/budget. Physical copies are available for inspection at the City Clerk’s Office or the Webster Groves Library.

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