Finance staff briefed the committee on Tulsa’s fiscal position, describing legal requirements for a balanced budget, the role of unreserved/unappropriated fund balance, the emergency operating reserve and the charter-established rainy day (economic stabilization) reserve. Staff said the general fund emergency reserve goal is 10% (currently 9.9%)

After consulting bond advisors, commissioners approved raising the county reserve policy from a staff‑proposed 17% to 20%, funded from the stabilization fund. Staff said the move positions the county for upcoming bond issuances.

City finance staff told the Finance Committee on Aug. 25 that Santa Barbara's general fund reserves stand at about $27 million (12.1% of expenditures), roughly $30 million below the 25% policy target, and projected a $7 million draw on reserves in 2028 if no changes are made.

KUALA LUMPUR, March 10 (Bernama) — Oil prices retreated from their highest level since 2022 to below US$100 per barrel on Tuesday after the Group of Seven (G7) signalled its readiness to release emergency reserves, easing some of the market anxiety triggered by the escalating conflict between the United States and Iran. At the time of writing, Brent crude fell 6.33 per cent to US$93.08 per barrel while West Texas Intermediate (WTI) declined 6.39 per cent to US$88.71 per barrel. On Monday, the international benchmark Brent crude surged to as high as US$119.50 per barrel, its highest level since the […]

Council member votes no on housing fund allocation due to reserve concerns and scrutiny.

City faces severe financial challenges exacerbated by wildfires and federal policies.