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Proposition ACity of Corsicana (Navarro County)
PASSEDCity of Corsicana 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 City of Corsicana Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 2,360 (52.0%)AGAINST: 2,179 (48.0%)
Total Ballots Cast on Proposition: 4,539
Authorized Bond Debt
$8.9M
Total 30-Yr Repayment
$13.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Corsicana to issue $8,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $8,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF CORSICANA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.