‘Missing opportunities’: Edmond officials float bond election to expedite road projects

NON DOC By Joe Tomlinson

June 27, 2023 City of Edmond staff have identified nine key road improvement projects estimated to cost $99 million, but municipal leaders are still trying to identify a funding source — local, county, state or federal — for about $73 million worth of the projects.

With the city’s capital improvement projects funds nearly fully pledged for the next several years, Edmond officials are looking for different revenue sources, and some have called for the city to consider an election to take out general obligation bonds to fund road improvement projects.

“Council has had on their strategic plan to look for alternative funding sources and the Willdan study mentions, ‘Hey, you have no bond debt. You’re missing opportunities,'” Scot Rigby, Edmond city manager, said. “When I say missing opportunities, there’s an opportunity if you want to do some additional projects and move projects along — there is a value for that.” View the full article: NonDoc.com