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Proposition ACity of Balch Springs (Dallas County)
PASSEDCity of Balch Springs 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 City of Balch Springs Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 2,492 (61.0%)AGAINST: 1,593 (39.0%)
Total Ballots Cast on Proposition: 4,085
Authorized Bond Debt
$6.0M
Total 30-Yr Repayment
$9.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Balch Springs to issue $6,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF BALCH SPRINGS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.