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Proposition ACity of Horseshoe Bay (Llano County)
FAILEDCity of Horseshoe Bay 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 City of Horseshoe Bay Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 456 (49.0%)AGAINST: 474 (51.0%)
Total Ballots Cast on Proposition: 930
Authorized Bond Debt
$4.4M
Total 30-Yr Repayment
$6.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Horseshoe Bay to issue $4,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF HORSESHOE BAY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.