OKC City Council approves $2.7 billion general obligation bond; issue to be on October ballot

T.R.U.S.T.
Jul 16, 2025
1 min read

KOCO

By Jonathan Greco

Jul 16, 2025

OKLAHOMA CITY — OKC City Council members approved a multibillion-dollar general obligation bond that voters will decide on in October.

The bond, which is comprised of 11 separate propositions, would cost about $2.7 billion and be funded by a property tax rate. Oklahoma City officials said the average rate of 16 mills will remain at the current level.

Seventy-six percent of the 547 projects are considered critical infrastructure projects, according to city officials. Approximately 56% of the funding would be dedicated to streets, bridges and traffic improvements.

View the full article: KOCO.com

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