Oklahoma City Council sets October 14 bond vote for record-breaking infrastructure package

The voters will go to the surveys this fall to decide whether Oklahoma City should advance with a new general obligation bond program (GO) that would invest in critical infrastructure projects without increasing property tax rates.

In a unanimous vote this week, the Oklahoma City Council approved an election of October 14 to ask voters to authorize the bonus, that Mayor David Holt described as a necessary investment in the needs of the city.

Related: City 2025: Mayor Holt will highlight Thunder’s future, OkC Olympic events

«These votes have always been about maintaining what we have,» Holt wrote on a Facebook post on Monday. «They cover needs, no wishes.»

The GO 2025 bond proposal was developed during the past year through public contributions and detailed planning by the city staff. The proposal is based on previous investments of better streets, safer cities and maps 4, while focusing on the fundamental infrastructure, including streets, bridges, drainage, public security facilities, parks, libraries and transit.

The largest street investment in the history of Oklahoma City

More than 56% of the proposed bond package is dedicated to streets, bridges and traffic infrastructure, which according to the city leaders marks the largest individual investment in the streets that Oklahoma City has made.

The rest of the package supports improvements in drainage systems, fire and police stations, parks and recreation facilities, libraries and learning centers, housing and cities maintenance buildings, economic development and transit infrastructure.

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No tax increase for owners

Mayor Holt emphasized that the plan will not increase property tax rates. The Go Bonus would be financed through the existing property tax rate of 16 mills of the city, with new bonds issued as older are withdrawn. This method allows the city to maintain consistent income for capital projects while maintaining the stable fiscal burden for residents.

The Go Bond website states that around 14% of the total bill of taxes owned by a home owner goes to the city of Oklahoma City. The rest is distributed to local schools, the county and other fiscal entities.

How are bond projects chosen?

The city received more than 6,000 project ideas from residents during a public participation effort of months. The projects were considered based on the need of the community, the heritage throughout the city and the alignment with the ongoing infrastructure plans.

The Go Bond website establishes that, although all the projects sent were not included, the selected list aims to reflect a balanced distribution of improvements.

A part of the bonus for unforeseen needs is also reserved, allowing flexibility to address possible future problems.

The bonus will appear on the electoral ballot on October 14, 2025, and the construction of many projects is expected to begin approximately one year after the bonus is approved.

Oklahoma to organize events of the 2028 Olympic Games

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Sand development:

1. The owner of the OKC center restaurant speaks the potential impact of the new sand
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3. The Oklahoma City Council approves the agreement with the consulting firm for New Arena
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6. The OKC center is prepared for demolition before the construction of a new sand of $ 900 million