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Proposition ATown of Corrigan (Polk County)
PASSEDTown of Corrigan 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 Town of Corrigan Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 158 (55.8%)AGAINST: 125 (44.2%)
Total Ballots Cast on Proposition: 283
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Town of Corrigan to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TOWN OF CORRIGAN, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.