The first projects financed under Tulsa’s Fix The Streets effort will get under way this summer, with proceeds from the first $11 million of the $285 million of general obligation bonds authorized for the five-year program.

In addition to the bonds, the $451.6 million program will be financed with $131 million of revenue generated by extending by two years the city’s 1% “third penny” sales tax that would have expired in 2013, and taking over and extending Tulsa County’s 0.167% sales tax when it expires in 2012.

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