And here, they put another 8 million in hoping to bring revenues in line with opex , in the lead paragraph
https://newsok.com/article/5612647/o...k-improvements
And here, they put another 8 million in hoping to bring revenues in line with opex , in the lead paragraph
https://newsok.com/article/5612647/o...k-improvements
And I believe Mr Shadid, just might agree with me, quoting him from one of the links above
Ward 2 Councilman Ed Shadid opposed the plan.
Shadid said significant MAPS 3 projects, such as the whitewater park, downtown park and streetcar, were approved without a clear idea of how operating expenses would be paid.
"To continue to build capital projects with no plan whatsoever for how you're going to pay for the operations is a mistake," he said. "That money doesn't just come out of thin air, it comes from something else."
RedDollar, we all know that 'quality of life' projects are not the 'only' factors that lures new businesses-corporations to our city. They can be a determining 'factor' that decides the difference.
MAPS hopefully will have a few projects among many that will appeal to voters; I'm not going to vote against a capital improvement project package because there's one project like streetcar expansion, State Fair Arena replacement or soccer-American football stadium that I don't like.
You're voting on the total package as in MAPS III ($777 million) not individual projects. I know there are people on here who would like to piecemeal MAPS as we did with the 2017 bonds; however you piecemeal it--probably nothing gets passed.
Yes really. When you make a statement, you should be prepared to back it up when asked. Ideally you should back it up anyways without having to be asked. I will admit, I don’t always do that myself, so I am not really the one to talk on that end. But I will back my statements up when asked and not ask people to prove me wrong.
What he was asking was ridiculous.
Like I'm gonna go down to City Hall and tell them I need to audit the books. And financials tell ya nothin, I was not gonna waste my time with the guy.
I put the onus back on him, if he did not like my statement, then he can prove it wrong. As I've done to Boulder guy above, he accused me of lying about losses at the whitewater attraction ................and did nothing to back it up, and I did not get my panties in a wad. I just proved him wrong.
Well, not that I disagree with you, but I am playing devils advocate here.
At any rate, I have read some articles about a possible endowment being included on Maps 4 to fund MAPS projects. I am unsure if that will only be for MAPS 4 projects or all previous MAPS projects as well. I agree that maintenance and upkeep of MAPS projects should be addressed and considered.
I am opposite of you. We have passed the “bundle” phase. We needed a lot as a city (back in MAPS 1/2) but now we are are being force fed pet projects that don’t add value to enough of the city and will add mega reoccuring upkeep costs. I think all future projects should be voted alone and stand on their own merits. I am positive if MAPS 4 is bundled it will fail big time. And that loses momentum vs if you list each project seperate. You will get some passed that way (seperate) and will have better support.
Adding all these pet projects as one is going to divide the citizens in to segments where nothing gets passed. It seems they are trying to trick citizens into voting yes for projects they don’t want. The people have wised up and that sneaky tactic won’t work in future. SC is a bust as far as most citizens feel and no one wants to spend even more on it. I hope the city gets out away from downtown and talks to some of the 80% rest of city about how they feel. Its like 20% are trying to tax the life out of our city for pet downtown projects. Downtown is flourishing so we need to stop putting so much tax money there. Selective projects can pass but not all, and they need broken up.
Ah - I apologize! I misunderstood. So you are alleging that what would have to include multiple officials working for the City of Oklahoma City and its auditor are engaged in a massive conspiracy to falsify the City's books and records by hiding MAPS operating expenses in unrelated General Fund line items, likely committing a host of crimes in the process. And low and behold, these allegations are based on zero evidence (as you even admit to in the quoted post). My bad! I had not realized we had waded into trollish, Reddit-worthy conspiracy theories.
I suppose it does make sense. You intimated you were highly competent in matters of finance and accounting; thus it seemed odd to me you weren't aware of a magic document available to anyone that shows the revenue and expenses attributable to the City's General Fund - which, had you been making a reasonable argument and if you had ever reviewed a financial statement in your life, you could have used to easily prove your point using the information I provided. The fact that you say financial statements don't provide any information tells me all I need to know about the level of your expertise.
Since you said most of the General Fund was being used to pay for MAPS OpEx, I merely asked you to point out where on the General Fund revenue and expense statement those expenses resided. And I even took the 10 seconds out of my day to look myself and provide you a link! But I'm sooo sorry - I didn't realize we were making baseless allegations of fraud, falsifying financial records, and probably a host of other crimes if your allegations happened to be correct (though I'm admittedly not 100% up to speed on financial crimes committed by municipalities).
If Ed Shadid or someone else can provide actual evidence that the city is cooking the books and hiding MAPS expenses in unrelated General Fund line items, I'm all ears and will protest with everyone else, but I make no (sincere) apologies for calling your conspiracy theory out for what it is.
I'm not opposite to you; we all have opinions where we agree or disagree. Many posters have concerns, so don't take anything personal--that's not IMO many posters intentions.
MAPS is a continuation/extension of the previous initiative; as far as 'taxing the life' out of our city for pet projects downtown--you need to revisit the previous MAPS initiatives. Just because a project doesn't benefit you, doesn't mean it doesn't benefit others.
MAPS has been successful as an initiative with a variety of projects; so far we've passed all previous ones.
I didn't care for a new convention center; after visiting other cities, re-evaluated OKC's need for a convention center capable of competing with other cities. Tulsa renovated their convention center; now they seem to have second-thoughts that OKC might be more competitive than they initially thought.
We are just going to agree and disagree on some items. I liked earlier MAPS but now we are trying to find things to spend money on. Everything in MAPS 1 was a huge hit but last MAPS not so much. I liked the convention center and park but not the SC. I voted yes because I hadn’t researched it much at the time it was so so long ago. Since then I have and to me its a huge failure. Its the first and only project I have become against, so its not like I’m anti MAPS. I feel we are past the bundle days and need to be more selective in projects.
Keep on mind most of our projects are still new or semi new and have not needed major upgrades (other than Peake). At a point soon enough that bill will come due. If we add a bunch more new projects by the time they get built our reoccuring upkeep expenses are going to be hitting us hard. Not to mention the regional transit pipedream which is going to cost more megabucks and take decades to build out. And through it all we still have crumbling roads all over the metro and poor bus service.
I like our city and don’t want to copy others. We are going to tax ourselves to death with all these projects and need to regroup and catch our breath on core items. Another comment we are in the longest economic expansion in our lifetimes and at a point sooner than later the economy will take a break. That will hurt us all. And the hotels and convention center qnd other iprojects opened will see less people come. So oir city collection taxes go down from less money in economic spending. We are growing and expanding like there is worry of any downturn.
My main point is we need to go forward smartly and with more caution. We can still grow and do projects but have to be more selective and stop bundles.
Good post OKC Guy.
Maps 4 should be a 3 year sales tax to create an endowment fund to fund expenses and improvements to city infrastructure. Not just the maps projects but all buildings and other infrastructure. This should generate more than enough return on investment to cover all operating expenses of maps projects. This would also follow the single item ballot law. This would allow the city to use more general fund revenue to build and/or repair sidewalks, streets, beautification, public safety, or even add more funds to the endowment without having to continuously go to voters for smaller projects. This would also give residents 3 years to see how all the maps 3 projects are doing as far as meeting expectations.
In summary it gives the citizens a break from continuous maps projects, keeps the penny tax place while providing a permanent funding source for maintaining and operating all the maps projects to date plus some extra cash to either reinvest into the city now or to add to the endowment proving ever more returns in the future.
Great ideas 1975ford with one exception; don't think you can use capital improvements money on operating expenses.
Three years would generate around $300 million based on the most recent collections.
MAPS magic
The MAPS 3 tax will be replaced by two new sales tax initiatives, both approved by Oklahoma City voters in September. Under the Better Streets, Safer City plan, the 1-cent MAPS tax is extended for 27 months to benefit street infrastructure. A quarter-cent permanent sales tax will also be collected; however, it will be deposited in the city operations fund to benefit public safety positions. City officials estimate the temporary sales tax will generate $240 million and the permanent tax adds $26 million annually into the city’s budget.
MAPS 3 tax is anticipated to sunset with a $28.5 million surplus: https://www.okgazette.com/oklahoma/m...nt?oid=2993217
By Laura Eastes - Gazette
the operations of the entire complex needed a 2 mil dolllar boost ... for 2 reasons costes associated with the startup of running the white water course and because of not great financial mgmt of the foundation ...
the city required a bunch of changes to the foundation and now going forward it will operate in the black
that 8 mil was projects with MAPS3 funds ..... IE wish list items that MAPS3 money had to be spend on MAPS 3 projects ...
I don't think we are anywhere close to being competitive with peer cities. OKC has a ton of improvement to make, and MAPS is the best brand we have to make that happen.
Go ahead and sugar coat that deal , all you wish. But that thing is a loser. If this type of attraction could be operated at a profit, the private sector would be doing these projects.
And that applies to all the MAPS projects.
Whitewater = White Elephant ......... that the taxpayers will be paying for , for forever. People who never get near the dam thing will be paying more for groceries for something a small number of citizens use.
Enough of this silliness. This pie in the sky dreaming. This is not monopoly money. Its real money confiscated from citizens and the people who feel these taxes, are middle and lower income.
I don't live in OKC so I don't get a vote, yet I spend most of my sales tax dollars in OKC. Ya know what though? I don't begrudge the city the extra $5 a month they get from me. Yeah, I expect some good stewardship of these projects, and there are certainly some areas of concern, but overall, I'm pretty happy with MAPS, as someone who doesn't live in downtown, nor gets any input/vote, yet spends the tax dollars. OKC's sales tax rate is comparable with Edmond, and lower than Norman, Yukon, Midwest city, and such metro communities, so I don't think the working people are being oppressed that much.
All of this being said, one question I have that came up because of the Aquarium talk. Aquariums are good tourist draws, and I like the idea (although not sure because of the Oklahoma Aquarium in Jenks). It seems to me like something along this line screams "partnership". Is there the possibility for MAPS projects that are funded only partially or mostly through city sales taxes, with additional support coming in from the State or from Educational Institutions? Or even Federal grants and support?
I'm a nerd. I like museums. I'm going to keep suggesting we get some type of natural history museum in OKC, even though it doesn't appear to motivate other people.
If I had to come up with a list, I'd say...
--X number of miles of new sidewalks, bike lanes, and walking trails. The city needs better connections.
--money to renovate various parks around the city, and an endowment to keep them nice. This lets you put something in each area of the city.
--the aquarium/natural history museum combo. You can look at fish and I can look at fossils.
--stage one of streetcar expansion. One line up to OCU, one down to Capitol Hill, and one to the HSC. We need to start hitting neighborhoods where people live.
--a canal extension into the old co-op site, if the owners of the land produce a real workable plan for development that doesn't require massive public funds.
--a bare-bones 20,000 seat soccer stadium that can be expanded as needed. If MLS starts looking like a possibility we can always look at that later.
--we'll say five community mental health/treatment centers around the city, partnered with HOPE or some other organization to provide better access to care.
--money to purchase "architecturally significant" properties around the city and turn them into a community center or library branch, or something like that. Save the gold dome, the egg church, things like that.
That's what my list would look like.
I want to invest in our city. I want our city to be successful. And I believe in public spending, particularly on the local level. It's okay to want nice things for your city.
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