TULSA, Okla. — Tulsa Mayor G.T. Bynum has unveiled the proposed budget for the upcoming fiscal year, amounting to a substantial $1.023 billion. This marks Mayor Bynum’s final budget presentation as he concludes his tenure, expressing gratitude for the collaboration with the City Council and staff during his eight-year term.

Fiscal Overview

The proposed budget reflects an increase from the previous fiscal year’s budget of approximately $40.4 million, which stood at $982.6 million. Mayor Bynum emphasized the importance of fiscal responsibility, aiming for a balanced budget to facilitate a seamless transition for the incoming administration.

Key Initiatives and Investments

Restoring Emergency Reserves and Employee Compensation

One of the primary focuses of the proposed budget is to restore the City’s emergency operating reserve to 8.5 percent of the general fund, ensuring preparedness for unforeseen circumstances. Additionally, the budget includes provisions to maintain compensation increases for employees, alongside a 2 percent pay raise for all staff members.

Strengthening Public Safety

The budget allocates resources to enhance public safety, including the addition of two positions to the Tulsa Fire side of the 911 Center. Furthermore, the introduction of a new application aims to establish direct communication between first responders and citizens, streamlining emergency response efforts.

Infrastructure and Capital Projects

Significant investments are earmarked for infrastructure and capital projects, such as the operational support for the new Public Safety Center and Zink Lake. Additionally, funding is allocated for a two-year program to transition City-owned highway lights to energy-efficient LEDs, aligning with the voter-approved PSO Franchise Agreement.

Addressing Homelessness and Utilities

In addressing social challenges, the budget introduces a Homeless Program Lead role to collaborate with stakeholders in tackling homelessness as part of the Path to Home initiative. Furthermore, adjustments to utility rates are proposed to maintain service affordability, including increases of 3 percent for water and sewer, 15 percent for stormwater, and 9 percent for refuse and recycling.

Budget Review and Approval Process

The Tulsa City Council will thoroughly review and discuss the proposed budget, with the obligation to approve it at least seven days before the end of the fiscal year on June 30. Upon approval, the 2024-2025 fiscal year will commence on July 1, marking the implementation of the proposed budgetary allocations.

For detailed insights into the proposed budget, interested parties can access the full document here.

Conclusion: A Vision for Fiscal Stability and Progress

Mayor G.T. Bynum’s proposed budget for the 2024-2025 fiscal year underscores a commitment to fiscal stability and strategic investments in key areas such as public safety, infrastructure, and social welfare. With a focus on prudent financial management and forward-looking initiatives, the proposed budget sets a course for continued progress and prosperity for the city of Tulsa. Citizens are encouraged to stay informed and engaged as the budget review process unfolds, ensuring collective efforts towards a resilient and thriving community.

By Frank John

Source