Capital Budget
The Capital Budget
Instructor: Dr. Joseph McCue
Public Budgeting and Finance - PAD 505
August 11, 2013
The Oklahoma City budget includes the addition of 40 new police officer positions, bringing the total number of uniform police positions to 1,116. Eleven more positions were added in other City departments. Total City positions will increase 1.1 percent to 4,580. The budget also includes an additional $1 million for METRO Transit bus service enhancements. The City hired a public transit consultant to examine the system, identify ways to improve the route network and increase ridership and productivity. Their recommendations for future service improvements will be presented to City Council in the coming weeks and Council will be able to fund some of those improvements with the additional $1 million (http://www.okc.gov/finance_tab/index.html).
Payroll Forecast
The City’s mission and its commitment are to provide leadership, commitment and resources to achieve. The City of Oklahoma City offers full-time employees a generous benefit package as part of their total compensation. But a $7.1 billion budget deal for the upcoming fiscal year does not include an across-the-board increase for Oklahoma’s approximately 34,000 state employees, including correctional officers and state troopers. The budget agreement represents a 3.9 percent increase in legislative appropriations, or about $267 million, for the 2014 fiscal year compared with this fiscal year, which ended June 30. Despite the increased funding, the budget calls for neither an increase for state employees nor a one-time bonus for eligible state workers, as some legislators suggested. The budget does include an additional $7 million to pay for legislative operations and to renovate vacant space in the state Capitol into legislative offices and committee rooms. State employees haven’t had an across-the-board increase since October 2006.
Sterling Zearley, executive
Instructor: Dr. Joseph McCue
Public Budgeting and Finance - PAD 505
August 11, 2013
The Oklahoma City budget includes the addition of 40 new police officer positions, bringing the total number of uniform police positions to 1,116. Eleven more positions were added in other City departments. Total City positions will increase 1.1 percent to 4,580. The budget also includes an additional $1 million for METRO Transit bus service enhancements. The City hired a public transit consultant to examine the system, identify ways to improve the route network and increase ridership and productivity. Their recommendations for future service improvements will be presented to City Council in the coming weeks and Council will be able to fund some of those improvements with the additional $1 million (http://www.okc.gov/finance_tab/index.html).
Payroll Forecast
The City’s mission and its commitment are to provide leadership, commitment and resources to achieve. The City of Oklahoma City offers full-time employees a generous benefit package as part of their total compensation. But a $7.1 billion budget deal for the upcoming fiscal year does not include an across-the-board increase for Oklahoma’s approximately 34,000 state employees, including correctional officers and state troopers. The budget agreement represents a 3.9 percent increase in legislative appropriations, or about $267 million, for the 2014 fiscal year compared with this fiscal year, which ended June 30. Despite the increased funding, the budget calls for neither an increase for state employees nor a one-time bonus for eligible state workers, as some legislators suggested. The budget does include an additional $7 million to pay for legislative operations and to renovate vacant space in the state Capitol into legislative offices and committee rooms. State employees haven’t had an across-the-board increase since October 2006.
Sterling Zearley, executive