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Riverfront Authority approves 2025‑26 operating budget after questions about revenue projections
Summary
Trustees approved a balanced 2025‑26 operating budget for the Oklahoma City Riverfront Redevelopment Authority after staff described conservative projections for oil and gas royalties and other revenues and trustees raised questions about line items and beginning fund balances.
The Oklahoma City Riverfront Redevelopment Authority approved a balanced operating budget for fiscal 2025‑26 after trustees debated conservative revenue projections and several line items.
Trustees approved the budget after staff explained the plan and answered questions about anticipated declines in oil and gas royalties and other revenue streams. "It's just a projection for a downward trend in oil and gas revenues that we had experienced over the last 12 months prior," a staff member said, adding the office was planning conservatively.
The budget discussion focused on why revenue…
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