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Proposition ACity of Heath (Rockwall County)
PASSEDCity of Heath 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 City of Heath Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 725 (52.0%)AGAINST: 670 (48.0%)
Total Ballots Cast on Proposition: 1,395
Authorized Bond Debt
$5.2M
Total 30-Yr Repayment
$7.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Heath to issue $5,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF HEATH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.