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TAYO staff presents draft FY26 budget showing potential $210,000 deficit; reserves to be restricted at budget adoption
Summary
Staff presented a draft fiscal year 2026 budget showing $5.3 million in proposed revenues and an estimated $210,000 deficit based on current assumptions; staff noted sale proceeds, potential grants and reclassification of operating reserves as restricted funds upon budget adoption.
Tulsa Authority for Economic Opportunity staff presented a draft FY26 budget on April 24, outlining revenue assumptions, service fees and expense changes and projecting a tentative deficit of about $210,000 based on the figures available at the time.
Lynn Kane, a TAYO staff member who presented the budget, showed year‑to‑date comparisons and noted several revenue items that are uncertain or pending confirmation. Kane said proceeds from a pending sale of 311 North Boulder—"supposed to close next Monday" and described in the presentation as $2,600,000—would add cash to…
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