EDMOND — City council members will start holding a hearing Thursday on a proposed $223.6 million budget for the next fiscal year and a five-year financial plan.
The proposed budget includes a 3.69 percent increase from the current budget.
Edmond has used the multiyear financial plan for 16 years in an effort to determine any possible budget shortfalls in future years.
Thursday's hearing will start at 9 a.m. at 20 S Littler Ave. The hearing will be continued at 9 a.m. Friday, if necessary.
Edmond approved a $235.5 million budget in fiscal year 2007-08, the year the city and the nation suffered from an economic downtown.
“The first 10 months of our current fiscal year certainly indicate that Edmond is now in the second year of an economic recovery,” City Manager Larry Stevens said in his budget message. “Sales tax collections are 6.2 percent above last year, and there is little doubt that the end of the year will reflect an increase comfortably above our 2 percent budget projections.”
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