More than 75% of Shawnee, Okla., voters last week rejected proposed increases in their property and sales taxes to support $50 million of bonds for civic projects.
The five proposals would have been supported by a 10-year, 0.5% sales tax hike and up to a 20-year, 12% increase in property taxes.
The sales tax was earmarked for $21.5 million of bonds to finance construction of a $19 million sports park and improvements to the Heart of Oklahoma Exposition Center.
City manager Brian McDougal said the additional tax would generate $2.5 million a year.
Proceeds from the general obligation bonds supported by the proposed property tax increase would have financed $13 million of street projects, $5 million of economic development projects, and $3 million of upgrades to the city’s emergency radio system.