Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Columbia adopts FY2026 budget after amendment to reduce interfund transfer; general fund shows small projected deficit
Summary
Council approved the city’s FY2026 budget after an amendment replaced an earlier budget amendment to eliminate a $900,000 transfer and instead show $900,000 of project expense; the general fund projects a $2.7 million deficit for FY2026, and staff stressed engagement and transparency during the process.
The Columbia City Council approved the fiscal year 2026 budget on third and final reading Sept. 15, following a pair of council motions to amend the published amendment sheet and to adopt the ordinance as amended.
Budget staff presented an overview of the process and the numbers. Matthew Liu, presenting for finance, described the role of fund accounting in municipal budgets and said the city’s proposed FY2026 totals included roughly $559 million in revenue and $608 million in total expenditures when capital projects are included.
Liu said the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
