Vision 2025 (Tulsa)

Scope Note: Vision 2025 was a series of four propositions to increase Tulsa County's sales tax rate by $0.01 in order to fund capital improvements and provide economic development incentives.

Proposition 1: Economic Development/Boeing – $350 Million (40% of a penny). This proposal provided incentives for The Boeing Company to produce its new 7E7 commercial aircraft in Tulsa, creating 800 to 1,200 new jobs plus an estimated 8,000-9,000 related jobs for vendors and suppliers. Because Boeing did not select Tulsa, this proposition, though passed by voters, did not go into effect. As a result the total sales tax increase will only be 6/10th of a penny levied for 13 years.

Proposition 2: Capital Improvements/American Airlines – $22.3 Million (2.5% of a penny). This proposal was an incentive for American Airlines, a leading employer in Tulsa for more than 50 years, to retain existing jobs and attract new ones at the company’s Tulsa Maintenance Base by providing funds for capital improvements, equipment, tooling and training.

Proposition 3: Economic Development/Education, Health Care and Events Facilities – $350.3 Million (40% of a penny). This proposition included monies for OU-Tulsa, OSU-Tulsa, NSU-Broken Arrow, Langston-Tulsa, Tulsa Community College-Southeast Campus, common education funding for instruction material for the nearly 107,000 children attending Tulsa County public schools, an expansion for the Morton Health Center, a modernization of the Tulsa Regional Convention Center, a new Events Center, and Expo Square improvements.

Proposition 4: Capital Improvements/Community Enrichment – $157.4 Million (17.5% of a penny). This proposition included monies for Parks, Trails and Community Centers; The River and Attractions; and Community Infrastructure.

Found in 3 Collections and/or Records: