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Columbus News

Posted on: December 27, 2023

YEAR IN REVIEW: #4 City's new fiscal year budget

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The City of Columbus' current fiscal year budget was passed by the City Council back in September 2023 and had many major highlights, including the City lowering its property tax levy by 7%.

NOTE TO READERS: A lot happened in Columbus throughout 2023, including at the City of Columbus. In the spirit of the holiday season, we want to take a moment to highlight the stories that City staff and leaders identified among their favorites of the year. We also took into account comments and readership stories received on the City’s website and social media channels. Here’s story No. 4!

After a public hearing to review the City of Columbus’ annual budget for fiscal year 2023-2024, the Columbus City Council subsequently and unanimously passed it in mid-September ahead of the new fiscal year that began Oct. 1, 2023.

“This year’s budget of $89,958,549.00 represents the things we expect to happen in our upcoming fiscal year, Oct. 1, 2023-Sept. 30, 2024. This budget covers our full-time 192 employees, along with numerous part-time and city seasonal employees,” Columbus Mayor Jim Bulkley said during the Sept. 18 City Council meeting.

“This budget allows for the continued growth of our community while maintaining those vital services our citizens expect: Police, fire, E-911, library, street maintenance, snow removal, water, wastewater services, parks and rec and more … To further enhance the needs of our citizens and add amenities that are asked for and expected, this budget includes over $4.78 million in discretionary funds. All of these items will come before the Council and the public for discussion for input before anything is approved …”

You can review the budget presentation at length by clicking here. You can review the 2022-2023 annual fiscal year budget in full by clicking here. You can also check out the City's Fiscal Year Budget Guide by clicking here.

It was once again highlighted during the budget hearing and City Council meeting that City staff’s diligent work on the budget has enabled the City to lower its property tax levy by 7% for the new fiscal year when it begins Oct. 1, 2023, its lowest rate in decades. As a result, the City’s share of tax on a $100,000 home value will go from $315.19 and drop to $292.62.

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A pink slip was sent out by Platte County (who calculates property tax based on the fair market value of a home) regarding the 2023 Notice of Proposed Tax Increase. The two taxing entities who were listed on the pink postcard were Platte County and Columbus Public Schools (Columbus 1), but the City was not required to attend a Sept. 20 joint public hearing on the matter because it lowered its levy.

It was pointed out during the Council meeting all property tax revenue is collected and dispersed by the Platte County Treasurer’s Office. It was also shown based on the new $89 million budget, that the City’s property tax request equates to approximately 7.5% or $6.7 million in property tax revenue.

The mayor praised City staff for their efforts in preparing the new budget, noting the time and commitment it took.

“Thanks to the staff for all the time and effort that went into making this happen,” he said.

Copyright © 2023 City of Columbus

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