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Proposition ASmith County (Smith County)
PASSEDSmith County 2011 Capital Infrastructure & Facility Improvement Bond Proposition
November 2011 Smith County General & Special Election • Canvassed on 2011-11-08
Official Certified Canvass Outcome
FOR: 25,618 (61.0%)AGAINST: 16,378 (39.0%)
Total Ballots Cast on Proposition: 41,996
Authorized Bond Debt
$38.5M
Total 30-Yr Repayment
$58.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Smith County to issue $38,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $38,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SMITH COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.