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Mayor Presents FY25 City of Tulsa Budget to Council

April 17, 2024


(Tulsa, OK) – This evening, Mayor G.T. Bynum presented the proposed Fiscal Year 2024-2025 budget to the Tulsa City Council with a total proposed budget of $1.023 billion.

 

“This budget will be my last as Tulsa's mayor, and I am extremely grateful for the support from the Council and City staff over the past eight years,” Mayor G.T. Bynum said. “As I look ahead to whoever our next mayor will be, it's important to me that this budget is balanced so that when the next administration comes in, they can hit the ground running and have the financial resources available to follow through on the mandate voters have given them."

 

Mayor Bynum’s budget speech can be found at www.cityoftulsa.org/mayor.  


The Proposed FY25 Budget:

  • Restores the City's emergency operating reserve to a level of 8.5% of the general fund

  • Protects compensation increases implemented over the past several years, providing for an across-the-board pay increase for all employees in the amount of 2% in the coming year

  • Enhances the Tulsa Fire side of the 911 Center by adding two positions

  • Provides for a new app that will give instantaneous direct connection between first responders and citizens

  • Follows through on significant capital projects, including operations of the new Public Safety Center and Zink Lake

  • Funds a 2-year program to convert City-owned highway lights to LEDs through the voter-approved PSO Franchise Agreement

  • Creates a Homeless Program Lead who will collaborate with City leadership and external stakeholders in the development, implementation and monitoring of City-led homelessness efforts as part of the Path to Home initiative

  • Adjusts our utility rates to keep Tulsa in line with the cost to deliver service

  • 3% increase for water (does not impact residential customers inside city limits)

  • 3% increase for sewer

  • 15% for stormwater

  • 9% for refuse and recycling


The Tulsa City Council will review and discuss the Mayor’s proposed budget and must approve a budget for the upcoming fiscal year at least seven days prior to June 30, the end of the City’s fiscal year. After the budget has been approved, Fiscal Year 2024-2025 will begin July 1.

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