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Proposition ACity of Allen (Collin County)
PASSEDCity of Allen 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 City of Allen Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 9,018 (53.0%)AGAINST: 7,998 (47.0%)
Total Ballots Cast on Proposition: 17,016
Authorized Bond Debt
$57.5M
Total 30-Yr Repayment
$87.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Allen to issue $57,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $57,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF ALLEN, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.