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Kirkwood council hears FY 2025–26 budget; officials say reserves and grants will cover shortfall
Summary
City Finance Director Mary Sprung presented a balanced proposed budget for fiscal 2025–26 that relies on reserves, grants and enterprise funds; councilors asked about debt service, a potential property-tax exemption for seniors and a planned water-rate increase.
City Finance Director Mary Sprung told the Kirkwood City Council during a public hearing that the proposed fiscal year 2025–26 budget is balanced in accordance with Missouri state statute and is available on the city’s website for public review.
The proposed budget includes total expenditures of $130,296,000, roughly $31,000,000 budgeted for capital outlay (about 24% of the total), $9,300,000 in grant revenues to offset capital costs, $6,300,000 appropriated for debt service payments and a reappropriation request of $1,929,060 for previously approved projects incomplete as of March 31, 2025. Sprung said federal and state grants for street improvements typically cover…
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