Budget and Financial Records
Balancing the budget at the City of Tulsa is not much different
than balancing a budget at home. The money going out must not
exceed the money coming in. State law requires the City of Tulsa to
have a balanced budget.
The City of Tulsa gets
its money from several major sources including five local taxes:
sales tax, use tax, franchise tax/right-of-way user fees from
utility companies, hotel/motel tax, and ad valorem tax. Other
sources include enterprise revenues from airport charges, golf
course fees, and utility services - water, sewer, refuse and
stormwater. The City also obtains revenue from licenses and
permits, culture and recreation facilities, municipal court fines,
public safety fees, interest earnings, federal grants and shared
revenue from state government.
Perhaps the most
familiar sources of City of Tulsa funding are the ones for which
elections are held every few years. These include General
Obligation Bond Issues (2005) and extensions of the Third Penny
Sales Tax (2001 | 2006 |
2008 Fix Our Streets).
Both of these sources are used exclusively to construct capital
improvements like roads, bridges, sanitary sewer improvements,
flood control funding, and other critical needs identified by
citizens, the Mayor and Council.
The City of Tulsa uses its money to provide services in the
following areas: public safety and protection, public works and
transportation, cultural development and recreation, economic
development and administrative support services.
October 2009 Budget
Reductions
