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Proposition ACity of Richmond (Fort Bend County)
PASSEDCity of Richmond 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 City of Richmond Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 1,122 (62.0%)AGAINST: 687 (38.0%)
Total Ballots Cast on Proposition: 1,809
Authorized Bond Debt
$5.0M
Total 30-Yr Repayment
$7.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Richmond to issue $5,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF RICHMOND, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.