Budget and Financial Records
View the Fiscal Year 2015-16
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 receives 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 and extensions of the Third
Penny Sales Tax (Improve Our Tulsa). 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
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.