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Proposition ACity of The Colony (Denton County)
PASSEDCity of The Colony 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of The Colony Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 3,392 (60.0%)AGAINST: 2,262 (40.0%)
Total Ballots Cast on Proposition: 5,654
Authorized Bond Debt
$35.3M
Total 30-Yr Repayment
$53.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of The Colony to issue $35,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $35,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF THE COLONY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.