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Article: $10.6 MILLION REVENUE SHORTFALL TO HIT CITY / FOR FISCAL YEAR, SAYS BOWN
- Article from:
- THE JOURNAL RECORD
- Article date:
- March 6, 1986
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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A $10.6 million shortfall in Oklahoma City revenues for the fiscal
year ending June 30 has been projected by Don Bown, city manager.
That was the report Wednesday to the Oklahoma City Council Finance
Committee which met to discuss the city's dwindling budget,
originally estimated to contain $194 million for the fiscal year, but
revised down to $183.4 million due to several factors.
Those factors include declining sales tax revenues, originally
targeted to reach $88.7 million. Those figures have declined $2.7
million as of Jan. 31, Bown reported, totaling $48.7 million.
Other city revenue figures which dropped as of Jan. 31 included a
$700,000 shortfall in permits, licenses and service ...