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Proposition ACity of McAllen (Hidalgo County)
PASSEDCity of McAllen 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 City of McAllen Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 16,936 (54.0%)AGAINST: 14,427 (46.0%)
Total Ballots Cast on Proposition: 31,363
Authorized Bond Debt
$47.7M
Total 30-Yr Repayment
$72.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of McAllen to issue $47,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $47,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MCALLEN, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.