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Proposition ACity of Fredericksburg (Gillespie County)
PASSEDCity of Fredericksburg 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of Fredericksburg Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 1,075 (56.0%)AGAINST: 845 (44.0%)
Total Ballots Cast on Proposition: 1,920
Authorized Bond Debt
$7.6M
Total 30-Yr Repayment
$11.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Fredericksburg to issue $7,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF FREDERICKSBURG, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.