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May 28, 2014

Norman’s planned spending outstrips expected general fund revenue

NORMAN — Once again, Norman’s general fund balance will shrink as planned expenditures continue to outpace anticipated revenue in a budget city leaders say is very lean.

In its current form, the city budget projects revenues of $181,669,848 and expenses of $185,032,785 for the Fiscal Year Ending 2015 Budget. A public hearing on the budget drew few questions Tuesday night during the Norman City Council meeting.

Expect amendments to shift funds around a bit before the council considers the budget for adoption June 10. FYE 2015 begins July 1.

City council members have discussed the budget in depth at various non-voting, public study session meetings and council retreats. The overall budget is a 450-page document that includes a city profile and pages of statistical information. The capital improvements budget is an additional 220 pages.

A copy of the proposed budget is available at the Norman Public Library for review by the public. It is also on the city’s website, cityofnorman.com, for review or can be viewed on weekdays between 8 a.m. and 5 p.m. at the city clerk’s office, 201 W. Gray St.

Other public hearings coming up in June include a meeting on the strategic water supply next Tuesday, a meeting on the charter commission’s recommendations June 17 and a meeting on stormwater June 19. Any proposed city charter changes will require a popular vote, as will the proposed stormwater fee currently under study by the city council.

In other city business, the council approved special use for a mixed-use building at 480 24th Ave. NW. Mixed use will allow for two apartments on the third floor of the three-story commercial and office building.

Also approved was a request to close part of a right of way at 12th Avenue Southeast west of Classen Boulevard between Constitution Boulevard and Imhoff Road. No road was ever built in the right of way, and the owner wanted to clear that up before rezoning and platting the property in the near future, according to city staff notes.

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