Jefferson City Budget
The final sales tax numbers for Jefferson City’s 2013 fiscal year are in and, despite revised projections, receipts fell short of the city’s expected goals.
Jefferson City is nearly one month into the 2014 fiscal year, and finance officials are working on closing out accounts from the previous year, hoping to come as close to projections as possible.
Several residents spoke in favor of an expanded transit system in Jefferson City, but that expansion is unlikely to happen in the near future as the city struggles with falling revenues.
After a nearly two-month long process, the Jefferson City Council finalized the 2014 budget last week, a budget of roughly $28 million in general fund revenues and expenses.
Projection given as part of a long-range marketing study
Jefferson City should expect a conference center to operate in the red for at least a decade, even though it has “key characteristics” to support a conference center, City Council members were told Thursday night.
In a close vote, the Jefferson City Council has rejected a bill that would have provided for two floating holidays for city employees.
The Jefferson City Council has put its final stamp of approval on the 2014 budget, by a 8-2 vote.
Revenues predicted to create tight budget again
Jefferson City officials already have begun bracing for another tough fiscal year in 2015. The city has used a number of one-time revenues to balance the 2014 budget and those funds will need to be made up for in the 2015 fiscal year.
Official: Job description must be narrowed down
The Jefferson City Council has decided to pursue a full-time finance director, but what that position really will entail is still undecided.
Amid continuing concerns about the tight finances, the Jefferson City Budget Committee approved moving the 2014 budget to the City Council level by a 6-4 vote.
The Jefferson City Council is expected to take action Tuesday on a bill that would provide two floating holidays for city employees. The holidays only would be given to full-time employees and the four part-time employees who have benefits.
Jefferson City sales tax numbers have missed the mark yet again, with overall sales tax revenues coming up short for the year and only four months left of collections.
Almost no changes made to mayor’s proposed budget
Jefferson City’s budget process is nearing the end of discussions, and City Council members say this year has been an overall smooth process. In a tight fiscal year, the council so far has made no changes to the budget proposed by Mayor Eric Struemph, a stark change from past years.
Some cities rely less on property taxes than Jefferson City
Like most Missouri cities, Jefferson City municipal government relies on three major sources of funding for its general revenue fund, with 2014 projections calling for 34 percent of general revenue to come from sales tax, 25 percent from franchise and utility taxes, and 18 percent from property taxes.
As the Jefferson City Council winds down the budget process, many are concerned about the future of JCTV. The station’s $110,000 of city funds was eliminated in Mayor Eric Struemph’s proposed budget, and the council, so far, has made no changes to that proposal.