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Proposition ACity of Terrell (Kaufman County)
PASSEDCity of Terrell 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 City of Terrell Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 2,278 (54.0%)AGAINST: 1,941 (46.0%)
Total Ballots Cast on Proposition: 4,219
Authorized Bond Debt
$9.0M
Total 30-Yr Repayment
$13.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Terrell to issue $9,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $9,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF TERRELL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.