The Tulsa City Council delayed action last week on setting an election on a proposed $700 million street bond plan after the city’s legal, finance, and public works departments asked for more time to review the proposal.

The council is now looking at an Aug. 26 election, rather than one in late July, for voters to decide on the plan to dedicate a combination of existing taxes to support $636 million of sales tax revenue bonds. The proposal would also include $62 million of general obligation bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.