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State of the Town: 2003

Cathryn ThomasJanuary 30, 2003
Cathryn C. Thomas
Webster Town Supervisor

Those of us who work in Webster Town Government enthusiastically look forward to a productive 2003, and are excited to share with you just a few of the projects that we know will keep us busy throughout the year. As always, our collective goal in Town Government is to continue to provide top-notch services, recognizing that our chief strength remains the ideas and commitment of our residents and employees to the community of Webster.

Town finances remain stable

Town finances, budgets and taxes continue to rank atop the list of local government issues Webster residents have concerns about. At the same time, Webster taxpayers have become accustomed to receiving an excellent level of service from their Town government. The challenge of meeting both -- sometimes opposing -- expectations is one the Town Board, Department Heads and employees constantly work in a cooperative effort to achieve. Webster residents get a big bang for their buck for what they pay in Town taxes. The average value home of $125,000 will pay $544 this year to cover costs for services provided by the Town. This amount includes:

Webster's Town tax rate in 2003 is 15 cents lower than it was in 1993. This results from a team effort of Town personnel committed to controlled spending, careful budgeting and sound management of Town finances. Other major factors that have aided the Town in controlling our rate have been growth in assessed value and increased amounts received for revenues from sales tax and mortgage tax.

Just a few months ago, Moody's Investor Services conducted an extensive review of Town finances to confirm our official bond rating. The final result was Moody's confirming our continued A1 rating, that has great positive impacts on the Town's ability to borrow and receive very favorable interest rates.

In assigning the rating, Moody's cited the Town's stable financial performance, modest tax base growth, and a below average debt burden. Specifically, Moody's noted Webster's positive fiscal operations and a trend of ample reserve levels.

Host of projects slated for 2003

Our Town workforce will be as busy as ever this year with a number of improvement projects for our Webster community. Some of these projects include:

It is inspiring, to look back over the past year and take note of the many accomplishments achieved through the tireless efforts of our team of Town employees and our wonderful army of citizen volunteers. At the same time, it is somewhat daunting to look forward to the year ahead at all the projects to be worked on, and many hopefully completed.

One constant, however, I predict will remain as it has through the years. The year 2003 will go whizzing by in what seems like an instant, and we'll look back then and say, wow look at all we've done, and look at everything we have to do for 2004!