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Finance staff say sales tax roughly flat; FY26 budget planning to be cautious
2766744 · March 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
At the March 20, 2025, Finance Committee meeting, finance staff reported year-to-date sales tax receipts are just below 1% and indicated planning assumptions for fiscal 2026 will be conservative, with possible flat growth or small adjustments.
Kim, a finance staff member for the City of Norman, told the Finance Committee on March 20, 2025, that year-to-date sales tax receipts are "just below 1%" and said that staff are accounting for that outcome in FY2026 budget planning.
Kim said city staff are evaluating whether to assume flat growth or to reduce next year's budget to…
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