April 27, 2012

News Release

For Immediate Release

City Council Budget Workshops Begin May 1

The Springfield City Council will use its Tuesday, May 1, lunch meeting to hold the first of several workshops to discuss the Fiscal Year 2013 Proposed Annual Budget. (The fiscal year runs July 1, 2012 – June 30, 2013.) The meeting begins at noon in the 4th floor conference room of the Busch Municipal Building.

Two more Council workshops are scheduled for noon on May 1, 8 and 15. Additional workshops will be scheduled if needed.

The full budget document is available online at www.springfieldmo.gov. The proposed budget is put forth by the City Manager with extensive input from City staff. The workshops allow City Council time to discuss and consider the budget in detail and put forth any suggested changes. Council must approve a final budget before the new fiscal year begins on July 1.

The proposed budget is summarized in the City Manager's budget message to Council members at the beginning of the document. In it, City Manager Greg Burris said sales tax revenue, the City's primary source of revenue, is expected to increase 7% for the fiscal year ending June 30, 2012. While some of the increase is made up of growth in sales, it also includes one-time payments and increases due to Department of Revenue improvements in processing payments.Monitoring the top 100 taxpayers has given the City information to factor into the 2013 budget, an estimated real growth of 4%.

Use Tax revenue is projected to increase 3.5% over the amount received in FY 2011. Revenue from fees and fines, and payments in lieu of taxes (PILOT) from City Utilities fell short of budget and are budgeted to remain flat next year.

Highlights of the proposed budget include:

For more information, contact: Cora Scott, Director of Public Information & Civic Engagement, 417-864-1009 (office) | 417-380-3352 (cell), cscott@springfieldmo.gov

city of springfield

Department of Finance

840 Boonville Avenue • P.O. Box 8368 • Springfield, MO 65801
417-864-1625 • Fax: 417-864-1880 • springfieldmo.gov