Oklahoma City's Financial Future Looking Up
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Tuesday, January 25th 2011, 7:06 pm
By:
News 9
News9.com
OKLAHOMA CITY -- Oklahoma City leaders said due to a brighter financial future, departments should not see any cuts for the time being.
The city's sales tax revenue is up 14.5 percent, which has leaders breathing a sigh of relief.
Oklahoma City Manager Craig Freeman said they're trying to be conservative in planning next year's budget. Right now they're using a couple of temporary sources of income. About $8 million from the Maps 3 tax fund is being used to pay for 100 police and fire positions. Another $2 million of recovery act funds is being used to pay for some services.
Officials plan to find a way to pay for the police and firefighter positions without depending on the Maps 3 money next year.
