The most familiar sources of City of Tulsa funding are the ones for which elections are held every few years. These include General Obligation Bond Issues and extensions of the Third Penny Sales Tax. Both of these sources are used exclusively to construct capital improvements like roads, bridges, sanitary sewer improvements, flood control funding, and economic development needs identified by citizens, the Mayor and Council.
Mayor G.T. Bynum announced the funding timeline for the historic Vision Tulsa economic development projects, with more than 80 percent of the 37 projects funded completely within the first five years. Four additional projects would receive annual appropriations from the 15-year program.
As a result of the work City staff has done to time bond issues for advance funding, the City will be able to fund 80 percent of the projects within the first five years, allowing the City to benefit from the economic impact and growth they'll generate. View the timeline and list of projects.
As the Third Penny Sales Tax and General Obligation Bonds for capital improvements were approaching time for renewal in 2013, many Fix Our Streets projects were complete or well under way. Tulsans had a chance to see accountability as the street improvement program was carried out.
In 2013, voters approved Improve Our Tulsa, which included issuance of $355 million in General Obligation Bonds for street and bridge improvements and a $563.7 million extension of the Third Penny Sales Tax, of which $270 million goes to fund more street and transportation projects. View Improve Our Tulsa projects
Fix Our Streets
In November 2008, Tulsans voted to make a sizable investment in the community, approving 137 projects to fix the streets with $451.6 million in funding through the Third Penny Sales Tax and a General Obligation Bond Issue. The two funding packages combined represented the largest investment in infrastructure in Tulsa's history until that time. (In 2013, Tulsans approved even more funding for street and transportation projects - $625 million from the Improve Our Tulsa Third Penny Sales Tax and General Obligation Bonds.)
By the end of 2016, 80 percent of the Fix Our Streets work was completed - 110 out of 137 projects. Seventeen projects were under construction and 10 were ready to advertise pending right-of-way acquisition and utility relocations. View Fix Our Streets projects