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Proposition ACity of Rockwall (Rockwall County)
FAILEDCity of Rockwall 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of Rockwall Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 3,282 (48.0%)AGAINST: 3,555 (52.0%)
Total Ballots Cast on Proposition: 6,837
Authorized Bond Debt
$20.7M
Total 30-Yr Repayment
$31.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Rockwall to issue $20,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $20,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF ROCKWALL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.