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Oklahoma City draws some MAPS to avoid public debt

AUGUST 5, 2020 | THE 101 POLICY CORNER

Includes “Oklahoma City funds some its biggest public works without taking on municipal debt. … It’s a pretty simple concept: Instead of issuing bonds, city voters approved a one-cent sales tax increase. The proceeds would go to the MAPS fund for different projects. It’s like keeping a loose change jar with a specific future purchase in mind. … You might recall in January that the non-partisan Truth in Accounting released its annual Financial State of the Cities report (assuming you’re jazzed about public finance and have made it this far into this piece). …”

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