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Olivette holds first reading of 2025–26 budget; officials note deficit and reserve policy shortfall
Summary
Council heard first reading of the fiscal 2025–26 appropriation ordinance; staff said the formal ordinance differs from prior draft documents and signaled the budget shows a deficit and a long‑term reserve policy violation; a public hearing is scheduled for June 24.
City staff presented the first reading of Bill 30‑47, an ordinance making appropriations for the City of Olivette’s fiscal year from July 1, 2025, to June 30, 2026, and adopting the salary schedule.
A staff presenter identified in the meeting as Mann (title not specified on the record) explained the ordinance is the formal appropriation document and that additional budget detail, including the budget book and online materials, is available at olivetmo.com/150one. Mann told the council the formal ordinance “looks different” from earlier drafts and that the budget as presented again shows a deficit and “a violation of the long term portion of our reserve policy.” He said staff will discuss the plan to address the deficit at upcoming meetings and noted a public hearing is noticed for June 24.
Why it matters: adopting the appropriation ordinance is the legal step that sets the city’s spending authority for the fiscal year. Staff’s comments about a deficit and a reserve‑policy violation indicate the council will need to consider adjustments or long‑term plans to restore reserves.
Next steps: Mann said the city will hold a public hearing on the budget on June 24 and that staff will present a fuller budget presentation at that time, including proposed measures to address the deficit and reserve policy issues.
