‘Personnel services’ makes up bulk of Jefferson City 2024 budget
COLUMBIA, Mo. (KMIZ)
The Jefferson City Council held its 2024 fiscal year budget meeting on Thursday.
The total budget is $79,285,619.11.
The General Fund Budget Expenditures is the largest expense at $39,129,487.14 because it covers different personnel services such as police, fire, city administrator and human resources.
"I'd like to point out that the personnel services across the city are at 52.82% of the total expenditures that we have. Personnel Services this year includes a 2.5% increase for employees that are covered by the FOP or IAFF CBA's and the fire command staff," Shiela Pearre, director of finance and information technology services, said. "A 3% market maintenance increase for all other full-time employees. There's a 1% lagers decrease for the fire groups and we've also included a 10% increase and a 5% dental insurance increase."
The council also discussed the total fund revenues of the budget.
The sales tax is 42.28% of the total fund revenues at $31,939,672. Fees and charges are 28.14% of the total budget and franchise/utility tax is 7.96%. Pearre said that cigarette taxes have been consistently in a downward trend, and so they decided to reduce the anticipated revenue to be more in line with that trend.
The meeting ended with a discussion of the property tax breakdown. The total cost of that breakdown is $2,658.08. More information about the 2024 fiscal year budget can be found online.
