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Proposition ACity of Weslaco (Hidalgo County)
PASSEDCity of Weslaco 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Weslaco Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 3,946 (63.0%)AGAINST: 2,318 (37.0%)
Total Ballots Cast on Proposition: 6,264
Authorized Bond Debt
$14.7M
Total 30-Yr Repayment
$22.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Weslaco to issue $14,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $14,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF WESLACO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.