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Town and Country holds public hearing on proposed 2025 budget; staff proposes $1.5M transfer to capital reserves
Summary
City staff presented the proposed 2025 budget, noting a $17.5 million beginning fund balance, 2024 timing effects from a newly approved property tax, and a proposed $1.5 million transfer from the general fund to capital reserves to fund upcoming projects.
City of Town and Country officials opened a public hearing Dec. 9 on the proposed 2025 budget, where city staff outlined revenue, expenditure and transfer assumptions that will shape next year’s capital program.
Presenter "Mr. Dolly" told the Board of Aldermen that the audited beginning fund balance for 2024 was $17,500,000 and that timing from a recently approved property tax produced a 2024 revenue estimate of about $13,300,000 versus an adopted budget of $11,100,000. He said the city began receiving property tax receipts in early November and will continue through Dec. 31, contributing to the 2024 revenue estimate.
The presentation highlighted structural pressures the city manages each year: the road fund does not generate enough by itself for planned projects and routinely receives transfers from the capital improvement sales tax fund. Staff reported a transfer to the road fund of $760,006.63 in 2024 and proposed…
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