Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Norman releases proposed FY2026 budget projecting $316.9 million in total revenues
Summary
City staff presented the proposed FY2026 budget with $316,899,864 in projected revenues, a 1% decrease in total expenditures driven by lower capital spending, continued reliance on sales tax, and reserve targets that leave the rainy day fund about $446,000 short of the 5% target. Public hearings start April 22.
Miss Kim, the citys budget manager, presented the City of Normans proposed fiscal year 2026 budget at the council study session on April 15, saying the city expects $316,899,864 in total revenues and will adopt the FY2026 budget by June 10 if the schedule holds.
Kim framed the budget as "a policy document" that "expresses the values, priorities, and strategic direction of the city in financial terms," and said the FY2026 plan emphasizes "holding the line and efficiency optimization." The proposal covers 23 funds, including the general fund, special revenue funds (such as the public safety sales tax and room tax), enterprise funds (utilities) and capital project funds.
The budget projects $316.9 million in total revenues for FY2026, a roughly 3% increase over FY2025 driven by modest growth…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
