Meeting Summary

TL;DR

The City Council held a conference to discuss the proposed FYE 2027 budget, which totals approximately $302 million across all funds. Staff emphasized a 'preserve fund balance' strategy due to flattening sales tax revenues and rising healthcare and prescription drug costs.

Key Decisions & Votes

FYE 2027 Budget Proposal Presentation

00:45

Finance Director Clint Mercer presented the $302 million proposed budget, focusing on the general fund and special revenue funds.

Information Only

Public Safety Sales Tax (PSST) Debt Retirement

21:30

The council noted that debt for the radio system and ECOC will be paid off in FY 2027, potentially freeing up funds for Fire Station 5.

Approved

Upcoming Community Events

April 28, 2026

Public Budget Hearing

First public hearing regarding the proposed FYE 2027 budget.

May 5, 2026

Capital Funds Budget Study Session

Upcoming session to discuss capital project funding.

May 19, 2026

Enterprise Funds Budget Study Session

Upcoming session to discuss water, sewer, and sanitation funds.

Financial Matters

Total Proposed Budget

Comprehensive financial plan for the city across all funds for fiscal year 2027.

$302,000,000

General Fund Expenditures

Operating budget for core services like Police, Fire, and Public Works.

$112,000,000

Risk Management/Healthcare Subsidy

Additional subsidy required to cover rising healthcare and prescription drug costs.

$2,000,000

OTA Payment to Water Fund

Revenue generated from Oklahoma Turnpike Authority payments for wells.

$448,000

Coming Up

Deadlines

June 9, 2026 - Final Budget Adoption
July 1, 2026 - Start of Fiscal Year 2027

Watch For

Discussion on PSST3 (Public Safety Sales Tax 3) ballot question
Relocation and design of Fire Station 5
Potential plan changes to employee health insurance to manage costs

Announcements

The Room Tax increase to 10% becomes effective July 1, 2025, following voter approval.
The city has achieved the best possible ISO rating for fire protection in Oklahoma.
The Young Family Athletic Center (YFAC) retail space is now operational.

Agenda Summary

Proposed FYE 2027 City of Norman Budget Discussion

Review of the general fund and special revenue funds, including revenue projections, reserve policies, and departmental allocations.