Oklahoma City Council approves 2018 budget

OKLAHOMA CITY (KOKH) — The Oklahoma City Council has approved a budget for 2018.

The council voted Tuesday to approve the city manager's $1.38 billion budget for fiscal year 2018 which begins July 1. The majority of the budget, $404.5 million, is dedicated to the General Fund for day-to-day services. The fund is down .2 percent over last year due to a continued loss in sales tax revenue.

City Manager Jim Couch says the approved budget also has a decrease in 18 city staff positions bringing the city to 4,642 employees.

“With this budget we have tried to balance the fiscal realities of a smaller budget with the need to meet growth in our population and higher expectations from residents,” Couch said.

Sales tax is the largest revenue source for the city. Oklahoma City has projected a sales tax growth over the next year.