Choctaw Nation Tribal Council Approves FY 2023 Budget
Published September 12, 2022
TVSHKA HOMMA, Okla. – The Choctaw Nation Tribal Council unanimously approved a $2.1 billion comprehensive expense budget for fiscal year 2023 during the Tribal Council session on Sept. 10. The expense budget is a 15 percent increase over 2022. The new fiscal year begins on October 1, 2022.
“Our Tribal Council has again shown support for our leadership teams and our strategies to meet the needs of our people while focusing on the future,” said Chief Gary Batton. “The Choctaw Nation continues to expand services such as building 300 more homes, covering costs for dental crowns and a $300 increase in helping families with burial expenses, just to name a few. The increased budget even during this time of inflation highlights our Nation’s financial stability.”
Approved capital expenses are just over $229.4 million, up from $71 million last year, primarily due to the new Choctaw Landing resort project in Hochatown, Okla.
The Choctaw Nation of Oklahoma tribal membership has increased to over 212,000.
The Choctaw Nation is planning to hire an additional 489 employees in fiscal year 2023 increasing total associates to over 12,000.
CNO revenue for fiscal year 2023 is projected to be nearly 21 percent higher than the prior year, driven primarily by increases in commerce and healthcare. Choctaw Casino & Resort – Durant‘s new Sky Tower addition is a key factor in the expected increase in commerce revenue for 2023.
About The Choctaw Nation
The Choctaw Nation is the third-largest Indian Nation in the United States with more than 212,000 tribal members and 12,000-plus associates. This ancient people has an oral tradition dating back over 13,000 years. The first tribe over the Trail of Tears, its historic reservation boundaries are in the southeast corner of Oklahoma, covering 10,923 square miles. The Choctaw Nation’s vision, “Living out the Chahta Spirit of faith, family and culture,” is evident as it continues to focus on providing opportunities for growth and prosperity.
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