City Council holds public hearing on upcoming budget [Yahoo! Finance]
Federal National Mortgage Association (FNMA)
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Source: Yahoo! Finance
During the regularly-scheduled Tuesday meeting, Anthony Francisco, the City's Director of Finance, presented the City's projected budget for fiscal year 2025, which begins July 1. The City is projected to generate $307,477,182 in revenue against a projected $297,924,185 in expenses. As usual, sales tax will be the City's biggest source of revenue. Sales tax is projected to comprise 30.6% of the total revenue, with utility fees and charges coming in second with a projected 23.5%. Sales tax makes up an even bigger slice of the pie in the City's general fund at 63.8%. The general fund is projected to have $108,486,122 for the next fiscal year against a projected $108,316,271 in spending. "This revenue pie looks different in Norman and in any other city in Oklahoma, than it would in the general fund of any other city in any other state than Oklahoma, because Oklahoma is the only state that does not use property tax as a revenue source for the general fund operations," Francisco sai
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FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 4/30/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/26/24 - Form 8-K/A
- FNMA's page on the SEC website