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Proposition ACity of Commerce (Hunt County)
PASSEDCity of Commerce 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 City of Commerce Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 1,063 (55.0%)AGAINST: 870 (45.0%)
Total Ballots Cast on Proposition: 1,933
Authorized Bond Debt
$1.9M
Total 30-Yr Repayment
$2.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Commerce to issue $1,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF COMMERCE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.