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Proposition ACity of Commerce (Hunt County)
PASSEDCity of Commerce 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 City of Commerce Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 782 (51.0%)AGAINST: 751 (49.0%)
Total Ballots Cast on Proposition: 1,533
Authorized Bond Debt
$2.3M
Total 30-Yr Repayment
$3.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Commerce to issue $2,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF COMMERCE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.