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Proposition ACity of Granite Shoals (Burnet County)
PASSEDCity of Granite Shoals 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 City of Granite Shoals Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 547 (55.0%)AGAINST: 448 (45.0%)
Total Ballots Cast on Proposition: 995
Authorized Bond Debt
$2.4M
Total 30-Yr Repayment
$3.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Granite Shoals to issue $2,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF GRANITE SHOALS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.