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Proposition ACity of Schertz (Guadalupe County)
PASSEDCity of Schertz 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 City of Schertz Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 3,544 (51.0%)AGAINST: 3,405 (49.0%)
Total Ballots Cast on Proposition: 6,949
Authorized Bond Debt
$23.2M
Total 30-Yr Repayment
$35.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Schertz to issue $23,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $23,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SCHERTZ, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.