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Council adopts FY2024–25 budget, raises stormwater fees and confirms YMCA contribution
Summary
Edmond’s council adopted the FY2024–25 budget totaling roughly $349 million, approved a three-step increase to stormwater drainage charges through 2026, and confirmed a $1.5 million YMCA construction contribution alongside a $30 million city commitment to the library/YMCA project.
The Edmond City Council adopted the FY2024–25 budget on June 10, approving revenue and expenditure estimates and several related fiscal actions including a multi-year stormwater fee increase and clarification of YMCA contributions to the library/YMCA project.
Finance staff presented the final budget summary showing estimated revenues of about $349 million and a direct‑cost budget increase of approximately $8.6 million from the version published in May, mainly reflecting added capital projects. Staff said utility charges account for 62% of revenue while taxes account for roughly 33%.
Steve Lawrence, Director of Engineering, presented Ordinance 4000 to raise stormwater drainage service charges: residential fees would increase by $3 to $6 effective Jan. 1, 2025 and to $9 on Jan. 1, 2026; rates for duplexes/multifamily and other property classes were adjusted similarly. Lawrence said the stormwater fund has significant capital needs — roughly $46 million in one‑time capital and $3.5 million in recurring expenses over five years — and recommended the fee increases, which were approved by council.
Andy Conyers, assistant city manager, clarified a separate line item: the city committed $30 million to a library/YMCA facility; the YMCA will provide $1.5 million in additional construction funding and will repay its proportionate share (about $12 million) over 15 years. Conyers said that the YMCA’s $1.5 million upfront contribution and its long‑term repayment arrangements were added to the budgetary revenue and expense sides.
Council members noted continuing capital needs such as transportation and streets and discussed options including potential bond measures. The budget will be filed with the state auditor by July 31, and staff said packet documents and budget books will be available online.
