Columbia City Council expects to see deficit spending each year through 2031
Ryan Shiner
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 Year
Revenue
Expenditures
Deficit
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.
Year
Cash 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