McComb now has a budget set of almost $13 million for fiscal year 2023-24, a little more than $1 million more than the current year’s budget.
That’s a significant jump, despite the trimming of more than $500,000 from the original proposal.
Expenditures are also projected close to $13 million, but a little less than revenues, leaving an unspent balance of $26,764 at the end of the fiscal year if both revenue and spending projections come to pass.
As presented on the budget summary by City Administrator David Myers, the budget doesn’t include the city’s beginning cash balance, which wasn’t available as books continue to be reconciled. The balance for the current fiscal year was almost $3.3 million.
The new budget takes effect Oct. 1.
Property taxes are projected at almost $3.6 million in revenue, an increase of $417,000 from the current year.
That leaves about $9.4 million to be raised through other sources, which were projected at about $8.8 million for this year, meaning an increase of $614,000.
Increases in non-property tax revenues include $225,000 in state shared revenues, which is largely sales taxes, from $6.25 million to $6.48 million.
Myers also projected an additional $151,000 in miscellaneous income, $126,300 in licenses and permits $79,500 in local government revenues and $25,000 in interest income.
Changes in expenditures include:
• General government: Up from $1.6 million to $2.1 million. Most of the $454,000 increase is in contractual services, from which the city is paying for back years’ audits.
• Zoning, inspection and planning: Down about $20,000, with a $29,000 decrease in contractual services and a $9,000 increase in personnel.
• Police: Up $150,000, due to increase in pay and benefits. Supplies, contracts and capital outlay all declined.
• City court: Up $40,000, largely due to personnel.
• Fire department: Up $206,000, with personnel and capital outlay increasing while supplies and contracts decline.
• Public works: Down $85,000, with contracts and supplies decreasing while pay and benefits go up.
• Recreation: Up $60,000, with pay and benefits rising by $71,000 while supplies and contract services decline $10,500.
• Insurance: Up $157,500, led by a $135,000 increase in property insurance.
Spending overall is expected to be $976,000 higher.
