Revenue increase projected in Oklahoma County for fiscal year 2012-13
New construction, juvenile detention contract eyed as contributing factors for revenue increase. County budget board expected to approve proposed budget May 15.
Preliminary budget figures for the coming fiscal year indicate general fund revenue for Oklahoma County may be increasing for the first time in years.
A report prepared by the Oklahoma County clerk's office shows estimated revenue for the 2012-13 fiscal year is slightly higher than revenue collected during the current fiscal year.
Revenue projection for 2012-13 is about $75.3 million, according to the report, while actual revenue collected for the current fiscal year is about $75.2 million.
A similar report released one year ago indicates the revenue estimate for the current fiscal year was about $73.3 million.
The revenue estimate for the coming fiscal year is typically lower than actual revenue collected during that time because the county will not budget supplementary funds until September. Among supplementary funds to be included later are ad valorem taxes from the state and carryover from the previous year's budget.
Oklahoma County Treasurer Butch Freeman said revenue estimates for 2012-13 mark the first time since he started in 1993 that projections for the coming fiscal year exceeded actual collections for the current fiscal year.
“We're starting off now with where we usually get to after the supplementary funds are added in September,” Freeman said Wednesday. “To me, the budget is healthier than I've seen it since I've been in Oklahoma County.”
According to the report, increased collections are expected in property taxes (1.6 percent), intergovernmental activity (3.2 percent) and charges for service (5.7 percent).
Decreased collections are expected for interest income (25 percent) and miscellaneous revenue (8.8 percent).
The most dramatic change in anticipated revenue involves juvenile detention services, which is expected to increase 18.4 percent.
Last year the state did not pay its obligation to Oklahoma County for housing juvenile offenders, Freeman said, but now those funds are back on the table.
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