Missouri City Council passes lower tax rate and $199.3 million budget for fiscal year 2022-23

The Missouri City Council unanimously approved its budget and tax rate for the 2022-23 fiscal year through two ordinances at its Sept. 19 meeting.

Missouri City residents will pay $0.57375 per $100 of property assessment to the city. This tax rate is made up of a maintenance and operating rate of $0.431981 and a debt service rate of $0.141769.

The total tax rate was reduced by 0.74% from last year, from $0.578035 to $0.57375. Although the rate has been lowered, rising property values ​​and the addition of new properties mean Missouri City will generate $53.2 million in property tax revenue, an increase from revenue generated from the rate of last year, said Chief Financial Officer Allena Portis.

The enacted tax rate supports the budget for the 2022-23 fiscal year, which begins October 1 and runs through September 30, 2023.

For the 2022-2023 fiscal year, the City’s revenues and transfers total $193.4 million, while outgoing expenditures and transfers total $199.3 million. This is a 16.6% increase in revenue and a 4.4% decrease in expenses compared to fiscal year 2021-22.

“For the general fund, it’s intentional,” Portis said during the meeting. “We are the ones who spend part of our fund balance on one-time expenses. For other funds, it involves spending the balance of the fund, such as bond proceeds or other fund balances that have been raised to pay for future projects.

Revenues and transfers from the City’s General Fund, the fund that supports City operating expenses, are expected to be $63.5 million, a 6.3% increase over the year’s budget. last. The City is planning $72.6 million in general fund expenditures and transfers, an increase of 3.1%.

Of the $21.4 million in supplementary budget requests included in the general fund, nearly $12 million in one-time and recurring expenditures have been approved, Portis said. In the meantime, the City projects a closing general fund balance of $27.4 million, or 34.9% of recurring expenditures.

The Missouri city budget supports a net increase of 27 full-time employees, bringing the city’s total number of full-time employees to 428. Five of those positions are in the fire department, and four are in the police department, Acting City Manager Sedrick Cole said. The budget also includes the addition of six full-time positions in public works and eight positions in the parks and recreation department.

Additionally, the budget includes $2 million to address salaries in the coming fiscal year, in addition to a future salary and compensation study needed to properly identify salary needs across the city, said municipal officials.

“Public safety undoubtedly touches an important key element in our city,” Mayor Robin Elackatt said at the meeting. “Fire and police are those departments that every citizen cares about, but that doesn’t mean parks, courts and other departments, we don’t listen to you, we don’t hear you.”

The budget also includes tax exemptions for residents, including an additional $10,000 in tax exemptions for Missouri City residents age 65 and older, an additional $10,000 for residents with disabilities, and a 2.5% exemption for family properties. These exemptions were originally approved by City Council in June.

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