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Posted on: October 13, 2021

Residents Approve Temporary Sales Tax Increase for Hafer Park Land Purchase

During a special election Oct. 12, 2021, Edmond residents voted overwhelmingly in favor of a temporary sales tax to fund the purchase of 22 acres of land adjacent to Hafer Park.

Unofficial polling results showed more than 80 percent of 10,067 voters cast ballots to approve a temporary 0.25 percent increase of the Edmond sales tax. The preliminary totals were 8,187 votes in favor of the temporary increase and 1,880 against the increase. All election results are unofficial until certified by the Oklahoma County Election Board.

The temporary sales tax increase is for one year, raising the Edmond effective rate from 8.25 percent to 8.5 percent beginning Jan. 1, 2022, and running through Dec. 31, 2022. Based on tax collections from the 2020-2021 fiscal year, it is estimated the 0.25 percent increase will generate approximately $5 million, which the City of Edmond will use for the purchase of the acreage. The sales tax rate returns to 8.25 percent Jan. 1, 2023.

The tentative purchase price for the 22 acres is just short of $4 million, plus closing costs. Any tax dollars generated in excess of the purchase price, plus closing costs, may be used to pay toward the cost of improving the land or providing other capital improvements for the city.

Once purchased, the 22 acres of land will be added to the city’s parks system. However, there are no current plans or additional funding identified for the specific future use of the land.

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