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Proposition ACity of Melissa (Collin County)
FAILEDCity of Melissa 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 City of Melissa Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 2,651 (48.0%)AGAINST: 2,871 (52.0%)
Total Ballots Cast on Proposition: 5,522
Authorized Bond Debt
$14.0M
Total 30-Yr Repayment
$21.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Melissa to issue $14,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $14,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MELISSA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.