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Proposition ACity of Brady (McCulloch County)
FAILEDCity of Brady 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 City of Brady Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 363 (49.0%)AGAINST: 378 (51.0%)
Total Ballots Cast on Proposition: 741
Authorized Bond Debt
$1.7M
Total 30-Yr Repayment
$2.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Brady to issue $1,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF BRADY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.