Politics & Government

Oklahoma City’s Financial Strength Grows, Earning a “B” Grade

New report by Truth in Accounting analyzes Oklahoma City's financial report

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Oklahoma City’s financial condition continued to improve in fiscal year 2023, earning the city a “B” grade from Truth in Accounting. With a $646.3 million surplus, Oklahoma City remains classified as a “Sunshine City,” meaning it has more than enough money to cover its financial obligations. This equates to a Taxpayer Surplus™ of $2,900.

The city's financial position strengthened by $95.9 million, driven primarily by higher sales, use, and other tax collections. Sales taxes accounted for 48% of the city’s total governmental revenue in 2023, reflecting strong consumer spending and economic resilience. However, Oklahoma City still faces an unfunded pension liability of $412.2 million, which remains subject to investment market fluctuations and long-term benefit obligations.
Key findings from the report include:

  • Oklahoma City had $2.5 billion available to pay $1.8 billion in bills.
  • The city’s financial surplus grew to $646.3 million, equating to a $2,900 Taxpayer Surplus™.
  • Higher sales tax revenues supported financial stability, though pension liabilities remain a concern.

With a strong economic foundation, Oklahoma City is well-positioned for future financial planning, but careful management of pension obligations will be crucial for maintaining long-term fiscal health.
For those interested in a deeper dive into Oklahoma City’s finances—and how it compares to other major U.S. cities—you can read the full Financial State of the Cities 2025 report here.

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