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Edmond council leans toward flat sales-tax baseline, acknowledges steep path to 10% reserve
Summary
At the Feb. 9 budget kickoff, council members and finance staff said they would begin budget modeling with a flat sales-tax assumption and a 4% personnel baseline. Council reaffirmed a long-term goal of a 10% unassigned general fund reserve but acknowledged that achieving it in one year would require substantial cuts.
Council members at the Feb. 9 budget workshop directed staff to begin budget preparations for FY2627 assuming a flat (0%) sales-tax baseline and to use a baseline personnel estimate of about 4% for payroll planning.
Kathy Panas, director of finance for the City of Edmond, told the council that the city’s combined sales-tax extensions are projected to yield roughly $35 million; Panas recommended conservative revenue assumptions…
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