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Columbia City Council expects to see deficit spending each year through 2031

Columbia City Hall
KMIZ
Columbia City Hall
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Published 7:24 PM

COLUMBIA, Mo. (KMIZ)

Documents for a Columbia City Council work session on Monday shows the city can expect to spend millions in the red through fiscal year 2031.

Meeting documents show general revenue and expenditures are expected to look as followed:

Fiscal YearRevenueExpendituresDeficit
2026$130,045,273$137,792,238$7,746,965
2027$131,668,045$135,897,485$4,229,440
2028$132,816,321$139,207,543$6,391,222
2029$133,981,664$142,599,122$8,617,458
2030$135,170,623$146,074,251$10,903,628
2031$136,371,944$149,635,010$13,263,066

Some of the biggest expenses from the general fund are employee wages and benefits. Cash reserve projection is also expected to fall through 2031.

YearCash reserve projection
2026$47,747,275
2027$43,517,835
2028$37,126,614
2029$28,509,155
2030$17,605,527
2031$4,342,461
Columbia revenue forecastDownload
Article Topic Follows: Columbia

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