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Proposition ACity of Fate (Collin County)
PASSEDCity of Fate 2022 Capital Infrastructure & Facility Improvement Bond Proposition
May 2022 City of Fate Uniform General & Special Election • Canvassed on 2022-05-07
Official Certified Canvass Outcome
FOR: 1,688 (63.0%)AGAINST: 991 (37.0%)
Total Ballots Cast on Proposition: 2,679
Authorized Bond Debt
$8.1M
Total 30-Yr Repayment
$12.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Fate to issue $8,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $8,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF FATE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.