This story originally ran on VeloCityOKC.com.
The City of Oklahoma City uses general obligation (GO) bonds to fund major infrastructure projects, including the construction and rebuilding of streets, bridges, sidewalks, parks, public safety facilities and more. These bonds are financed through property taxes and voters are asked to approve them for specific capital improvement projects.
GO bonds have played a critical role in improving Oklahoma City’s infrastructure for many years, dating back to before statehood. For example, the Better Streets, Safer City projects, which focused on street repairs and upgrades to public safety facilities, were funded through property taxes. These bonds allow the city to address important infrastructure needs that don’t generate direct revenue but are necessary for maintaining a safe and thriving community.
In the 2025 bond program, voters will have the opportunity to approve a new set of projects that will address key infrastructure needs across the city. These projects will be determined by several factors, including resident surveys, street and bridge assessments, planning studies and the City Council’s strategic priorities. While it’s impossible to address every infrastructure need across Oklahoma City’s 622 square miles with a single bond package or sales tax initiative, these tools ensure that the most pressing projects are identified and prioritized.
GO bonds are an essential tool for Oklahoma City to maintain and expand its infrastructure in a sustainable way. The bonds are paid for by property taxes, which makes them a reliable and effective way to fund long-term improvements. Additionally, Oklahoma City’s strong credit rating allows the city to issue these bonds at low interest rates, making it a cost-effective solution for funding necessary capital projects.
While the city’s growth and development continue, the 2025 GO bond package will focus on the most critical infrastructure projects that will benefit residents and businesses alike. By engaging in this process and providing feedback, you will have a direct impact on the future of Oklahoma City. Your participation ensures that the bond program reflects the needs of the community and helps guide the city’s infrastructure improvements for years to come.
In the coming months, the city will gather feedback from residents to help shape the bond package. Your voice matters, and this is your chance to weigh in on which projects should be prioritized for funding. Whether it’s a street repair in your neighborhood or a new public safety facility, the 2025 GO bond program will directly affect the quality of life in Oklahoma City.
Stay informed and get involved in the process to help Oklahoma City continue to grow and thrive. Voters will have the final say on the specific capital improvement projects that will be included in the 2025 bond package, so your input is vital.