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Proposition ACity of Rockwall (Rockwall County)
FAILEDCity of Rockwall 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 City of Rockwall Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 2,368 (47.0%)AGAINST: 2,670 (53.0%)
Total Ballots Cast on Proposition: 5,038
Authorized Bond Debt
$18.0M
Total 30-Yr Repayment
$27.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Rockwall to issue $18,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $18,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF ROCKWALL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.