Fiscal Year 2023: July 1, 2022, to June 30, 2023




$1,836.1 - 8.4% over 2022 - (in millions)

https://www.okc.gov/departments/finance/financial-and-budget-reports/budget-and-tax-reports/budget-book-breakdown?utm_medium=email&utm_source=govdelivery

.

Here’s a FP OKC article on it: https://freepressokc.com/city-council-adopts-1-8-billion-budget/

City revenue is down:
https://kfor.com/news/local/city-leaders-consider-hiring-freeze-as-oklahoma-citys-budget-enters-8m-hole/

City revenue is down:
https://kfor.com/news/local/city-leaders-consider-hiring-freeze-as-oklahoma-citys-budget-enters-8m-hole/

Due to a misunderstanding of the new grocery tax law. Not sure how, but stores thought that it meant no tax needed to be collected. Lol.

Due to a misunderstanding of the new grocery tax law. Not sure how, but stores thought that it meant no tax needed to be collected. Lol.

Definitely part of it:

"Christian York, the city Budget Director said part of the problem was certain grocery stores failing to collect local taxes. However, he said that’s only a portion of a bigger issue.

'The taxes that we pay when we purchase things within Oklahoma City are down in general. They’ve been lagging projections,' said York."