UPDATE: The Oklahoma City Council has just approved a monumental $2.7 billion general bond, set to be voted on in a crucial election on October 14. This extensive bond package is designed to enhance the city’s infrastructure without raising property tax rates, a move that could significantly impact the lives of residents across the city.
This bond encompasses 11 separate propositions and aims to address urgent infrastructure needs, with 76% of the 547 projects classified as critical. Notably, 56% of the funding is earmarked for essential improvements to streets, bridges, and traffic systems, highlighting the city’s commitment to maintaining safe and effective transportation networks.
City Manager Craig Freeman stated, “Oklahoma City’s bond programs are one of our most important tools for maintaining and improving the City’s core infrastructure.” He added that this package reflects the increasing demands from residents for better streets, bridges, and public facilities.
The bond allocation includes significant investments such as:
– $1.35 billion for 382 street projects, focusing on resurfacing, widening, and enhancing roadways.
– $414.29 million dedicated to parks and recreational facilities, which will improve 32 parks and crucial community spaces.
– $175 million aimed at economic and community development, particularly affordable housing initiatives.
– $140.44 million for drainage control projects to mitigate flooding risks.
Additionally, funds will support $130 million for new fire facilities and upgrades, including a new training center for emergency responders. Transit enhancements will receive $129.67 million to modernize the city’s public transportation system, ensuring efficient movement for all residents.
The urgency of this bond vote is underscored by the upcoming registration deadline; residents must register by September 19 to participate in the special election. The Greater Oklahoma City Chamber has launched a campaign advocating for the bond, emphasizing the necessity of continued investment in the city’s infrastructure. Chair Terese Rose remarked, “This bond issue will bring investment to every part of our city and impact every aspect of our quality of life.”
As Oklahoma City prepares for this pivotal vote, residents are urged to stay informed and engaged. For detailed information on the bond propositions and improvements, visit www.keepokcmoving.com or call (405) 297-8942.
The approval of this bond represents a critical step toward ensuring a resilient future for Oklahoma City, with widespread implications for public safety, transportation, and community well-being. Stay tuned for further updates as the election date approaches.