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Proposition AGaines County (Gaines County)
PASSEDGaines County 2004 Capital Infrastructure & Facility Improvement Bond Proposition
November 2004 Gaines County General & Special Election • Canvassed on 2004-11-02
Official Certified Canvass Outcome
FOR: 1,459 (55.0%)AGAINST: 1,193 (45.0%)
Total Ballots Cast on Proposition: 2,652
Authorized Bond Debt
$4.6M
Total 30-Yr Repayment
$7.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Gaines County to issue $4,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GAINES COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.