Current Progress - 2025

AI Summary

The City of Tulsa's Office of Financial Empowerment and Community Wealth (OFE), officially launched in January 2023 under the Department of Resilience and Equity, provides programs and resources to improve financial stability and reduce economic disparities. The OFE was formally added to the City's General Fund Budget for Fiscal Year 2026, including two positions: Director and Financial Empowerment Program Assistant, with $330,000 in American Rescue Plan Act (ARPA) funding secured for Financial Empowerment Center operations and $95,000 from private local foundations. For fiscal years 2026–2027, the office will receive an additional $150,000 in funding. The Tulsa Financial Empowerment Center, whose planning began in February 2020, operates as part of the city's broader resilience strategy and has leveraged Community Development Block Grant, ARPA, and private foundation grants to support its operations.