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FY2026-27 budget supplemental appropriations (GO bonds)

At a glance

  • What: $65.66 million in general obligation bonds Series 2026A for City capital projects, authorized at election.
  • Where it stands: Approved on both first and second readings with emergency clause; emergency clause also approved separately.
  • Votes: First reading Sept 2 passed 9-0; second reading Sept 16 passed 9-0; emergency clause Sept 16 passed 9-0.
  • Next: Funds issued.

Details

The ordinance provided for the issuance of General Obligation Bonds Series 2026A in the amount of $65,660,000 by the City of Tulsa, Oklahoma, authorized at an election duly called and held for such purpose. The measure prescribes form of bonds, registration and uncertificated registration system, and provides for levy of an annual tax for payment of principal and interest.

On September 2: Lori Decter Wright moved to approve with waiver of City Charter and Council Rules & Order of Business for first reading approval; Laura Bellis seconded. Vote 9-0 (Carol Bush absent).

On September 16 (second reading): Lori Decter Wright moved to approve; Laura Bellis seconded. Vote 9-0 (Carol Bush absent). Emergency clause motion by Lori Decter Wright seconded by Laura Bellis, passed 9-0.

A related resolution to award the bid for bond sale to the lowest and best bidder also passed 9-0 on Sept 16.

Sources

Log