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Trust adopts FY2026 budget; fund balance and project costs highlighted
Summary
The Oklahoma City Economic Development Trust approved the fiscal year 2026 budget after a presentation from General Manager Miss Boggs that emphasized fund balance, TIF commitments and anticipated project costs including a proposed multipurpose stadium allocation.
Miss Boggs, the Trust's general manager, presented the fiscal year 2026 budget to the Oklahoma City Economic Development Trust on June 17 and trustees approved the budget on a motion and second.
Boggs outlined revenue assumptions and major categories of spending and reserves, and she said staff used conservative estimates for ad valorem revenues across tax increment financing (TIF) districts. "We have $233,600,000 in revenue budgeted for FY '26," she told trustees, and she said fund balance was the largest source because of unspent allocations from…
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