Missouri City Council passes $ 0.02 lower tax rate and $ 157.5 million budget for fiscal year 2021-22

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Missouri City Council unanimously passed its budget for fiscal year 2021-2022 and a tax rate that supports that budget at its September 20 meeting. (Claire Shoop / Community Impact Journal)

The Missouri City Council unanimously approved its budget and tax rate for the 2021-2022 fiscal year in a series of votes at its Sept. 20 meeting.

Residents of the city of Missouri will pay $ 0.578035 per $ 100 assessment in property taxes to the city. Composed of a maintenance and operation rate of $ 0.443225 and an interest and depreciation rate of $ 0.134810, the total rate represents a decrease of 3.34%, or 0, $ 02, compared to the rate for the 2020-2021 fiscal year, according to City documents.

However, due to the rise in property values ​​and the addition of new properties, the City of Missouri will generate $ 47.3 million in property tax revenue, an increase over the income generated by the rate of the last year, said Chief Financial Officer Allena Portis.

Council member Vashaundra Edwards said she believes the city could have reduced the tax rate by more than $ 0.02.

“I don’t want to sound like I’m not in favor of providing relief to residents, I just feel like as a city we could have done more,” said Edwards.

The adopted tax rate supports the budget for the 2021-2022 fiscal year, which begins October 1 and ends September 30, 2022.

For fiscal year 2021-2022, the City’s revenues and inbound transfers total $ 153.9 million, while outbound expenditures and transfers total $ 157.5 million. This is a 5.2% decrease in revenues and a 20.2% decrease in expenses compared to fiscal year 2020-21.

“Our expenses exceed our income, but it’s intentional in terms of using the general fund balance for one-time items,” Portis said.

Revenues and transfers from the City’s General Fund, the fund that supports a large portion of the City’s operating expenses, are expected to reach $ 61.3 million, down 4.5% from the City’s budget. last year. The City is forecasting $ 68.1 million in expenditures and transfers from the general fund, a decrease of 3.1%.

Portis attributed some of the decreases to no longer having income and expenses related to the federal coronavirus aid, relief and economic security law.

General fund spending this year includes $ 52.2 million in base budget, $ 10.2 million in additional spending, and $ 5.7 million in outgoing transfers.

The Missouri city budget supports a net increase of 17 full-time employees, bringing the city’s total number of full-time employees to 398. Fourteen of these positions are in the fire department due to the addition of fire station 6, which is under construction.

Of the $ 10.2 million supplementary budget requests included in the general fund, there is $ 1.1 million for personnel and operating costs for Fire Station No.6, 1.1 million dollars for a 2.5% salary increase for non-serving staff, an additional $ 1 million for the city’s pavement management and maintenance program, and $ 3.1 million for a road maintenance facility. Park.

The City is forecasting a general end-of-fund balance of $ 18.3 million, or 34.9% of recurring expenses. City policy requires that there be between 20% and 30% of operating expenses in the fund balance.

In addition to the general fund, the approved budget includes the special revenue fund, the capital projects fund, the debt service fund, the utility fund, the equipment replacement fund and the other fund. ‘business.

“Allena and her team, thank you for this trip. … It’s a long journey to get to this point, ”said Anthony Maroulis, member of the Board.


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