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Proposition ATown of Oak Grove (Kaufman County)
PASSEDTown of Oak Grove 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 Town of Oak Grove Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 63 (52.1%)AGAINST: 58 (47.9%)
Total Ballots Cast on Proposition: 121
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 Oak Grove 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 OAK GROVE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.