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Proposition ACity of Fair Oaks Ranch (Bexar County)
PASSEDCity of Fair Oaks Ranch 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 City of Fair Oaks Ranch Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 623 (52.0%)AGAINST: 575 (48.0%)
Total Ballots Cast on Proposition: 1,198
Authorized Bond Debt
$4.2M
Total 30-Yr Repayment
$6.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Fair Oaks Ranch to issue $4,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF FAIR OAKS RANCH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.