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Guymon adopts $60 million FY2026 budget, staff urges permanent 2¢ sales‑tax to fund major projects
Summary
The Guymon City Council approved the FY2026 operating budget Dec. 9, 2025, which estimates $60 million in revenues and prioritizes major infrastructure including a $32 million Mesa Water Project. Staff recommended making a 2¢ sales tax permanent to fund the work.
The Guymon City Council on Dec. 9 approved Resolution 25‑13 adopting the city’s FY2026 operating budget, a plan that estimates about $60,000,000 in combined revenues and directs funding to major infrastructure projects.
Shannon, who presented the budget to the council, said the plan focuses on “long‑term sustainability, modernization of critical infrastructure, and responsible financial management.” He told the council the city expects roughly $8.2 million next year from its 4¢ sales tax and that utility, permit and service fees will provide additional revenue.
The budget highlights capital investments including the Mesa Water Project (estimated at $32,000,000), wastewater lagoon rehabilitation ($9,000,000), a new solid‑waste transfer station (~$12,000,000), park upgrades ($25,000,000) and an estimated $100,000,000 to reconstruct about 90 miles of streets. Shannon told the council the total capital project needs are about $187,000,000 and that staff will recommend making a 2¢ sales tax that expires in 2027 permanent to provide a feasible funding path for the critical projects.
Shannon also described the city’s reserves and debt profile, reporting an emergency reserve at about 45% of general‑fund expenses and that total debt had been reduced in recent years. He said the proposed budget preserves a balance of reserves while planning for required amortization on new Oklahoma Water Resources Board loans tied to the water project and wastewater expansions.
A councilmember moved to approve Resolution 25‑13, which the council adopted after the motion was seconded and ayes were recorded by members present. The resolution authorizes budget transfers described in the attached staff documents and adopts the operating budget for the period Jan. 1, 2026–Dec. 31, 2026.
The council also approved routine budget amendments and investment‑policy resolutions during the same meeting. Staff said the budget will return as necessary for future amendments and that the city will continue monitoring revenue performance, particularly sales‑tax receipts, before pursuing long‑term financing measures tied to the water project.
The council’s adoption completes a multi‑step review process that included a staff and council work session the previous evening; no further hearings on the operating budget were scheduled at the meeting.
