Statement from Sen. Patrick Anderson –
Taxpayers of Oklahoma to take on $535 million in new bond debt
“The taxpayers of Oklahoma are being asked
to carry the burden of an additional $535 million in new bond
indebtedness this year if the legislature moves forward and
passes the pending bond issues that have been brought forward
during this last week of the legislative session,“ said
Anderson, R-Enid. “The $535 million only accounts for
the principal repayment of the bond issues – the interest
on these bonds will obligate the taxpayers of Oklahoma for millions
more in addition to that amount.”
The $535 million in new bond debt for 2012 is
for the following projects:
$25 million for repairs to Tulsa’s Zink
$200 million for the Master Lease Real Property projects.
$50 million for the Master Lease Personal Property
$200 million for repairs to the Capitol building,
the Jim Thorpe building and the Governor’s mansion.
$40 million for Oklahoma City’s Native American
Cultural Center museum.
$20 million for Tulsa’s Pop museum.
“I personally feel that it is irresponsible
to be running up the state’s debt in this manner,”
said Anderson. “I am hopeful that other fiscal conservatives
in the legislature will join me in opposing these bond issues.”