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Oklahoma Municipal League

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Budgets, Do I really have to have one? Who is responsible for creating the budget? Are there legal deadlines?

Posted on March 7, 2016 at 3:20 PM

Who is responsible for creating the budget? Are there legal deadlines?

 

Developing a Budget is a never ending process. The process begins the moment you begin your fiscal year and ends, only to begin again.

 

There are two basic budget options for Oklahoma municipalities. The Municipal Budget Act (11.O.S. §§ 17-201 through 17-216) and the Estimate of Need Law ( 68 O.S. §§ 3001 through 3033 & 62 O.S. § 461). You will need to det...

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