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City presents $35 million street-maintenance bond package for April ballot; staff says it’s not a new tax
Summary
Public Works staff told council the $35 million, five-year street maintenance bond would continue an existing levy (no new tax rate) and spread funds across asphalt, concrete, rural roads and preventative maintenance; council approved placing it on the April ballot after public questions about priorities and turnpike ties.
The City of Norman will ask voters April 7 to approve a five-year, $35 million street maintenance bond, staff told council Jan. 27.
Public Works Director Scott (presenter) described the program as a continuation of the city’s long-running maintenance bond collection rather than a new tax. "This is not a new tax," he said, noting the program has been approved repeatedly since 2005 and that growth in property values, not a higher millage rate, has increased revenues over time. He…
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