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Proposition ACity of Beaumont (Jefferson County)
PASSEDCity of Beaumont 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 City of Beaumont Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 6,663 (62.0%)AGAINST: 4,084 (38.0%)
Total Ballots Cast on Proposition: 10,747
Authorized Bond Debt
$27.9M
Total 30-Yr Repayment
$42.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Beaumont to issue $27,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $27,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF BEAUMONT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.