Adopted 2024 Budget
The adopted 2024 budget assessed the state of the City with one purpose in mind: to ensure that Westminster thrives in 2024. To accomplish this purpose, this adopted budget:
- Delivers exceptional core municipal services while maintaining high standard service levels (no service reductions);
- Establishes a capital improvement plan that serves as an annual contract with City Council and community; and
- Cares for the City Team by recruiting and retaining exceptional employees through generous market-driven pay and benefits, development and well-being opportunities, and positive Team culture.
The City of Westminster is truly living within its means and practicing responsible, appropriate, and prudent budgeting. Revenues remain strong in 2024 and sales and use taxes are projected to grow 3.6% over 2023. This allows the City to provide exceptionally high service levels across the community.
This adopted budget is part of a longer process in evaluating the City and guiding our work for years to come. The 2024 Budget adopts a capital plan that is achievable. It includes an additional $55 million in funds for general capital projects, in conscious effort to work towards additional projects that provide the base to build the future of the Westminster community. Across all City funds, this capital plan includes funding for:
- Streets and transportation - $15.1 million;
- Public safety - $7.2 million;
- Utilities - $71.1 million;
- Economic development - $4 million; and
- Parks, recreation, and libraries - $10.7 million.
Aligned to the City’s Strategic Plan and Vision, this budget strengthens core City services for Westminster residents and businesses and sets our community up to thrive for years to come.
The budget development process spans the majority of the year. The following summarizes the 2024 Budget development schedule:
- March 20, 2023 – Personnel Budget Process Started
- April 24, 2023 – CIP Process Started
- May 22, 2023 – Budget Process Opened to Departments
- July 17, 2023 – City Council – Revenue Review
- August 5, 2023 – City Council – Budget Retreat
- August 30, 2023 – Release of Proposed 2024 Budget
- September 11, 2023 – Public Hearing on the Proposed 2024 Budget
- September 18, 2023 – City Council Review of Proposed 2024 Budget
- October 9, 2023 – Second Public Hearing on the Proposed 2024 Budget, Pay Plan Adoption, and First Reading of Councillor's Bills Adopting 2024 Budget and Appropriating Funds for the 2024 Budget
- October 23, 2023 – Second Reading of Councillor's Bills Adopting 2024 Budget and Appropriating Funds for the 2024 Budget