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Proposition ACity of Shenandoah (Montgomery County)
FAILEDCity of Shenandoah 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of Shenandoah Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 362 (49.0%)AGAINST: 376 (51.0%)
Total Ballots Cast on Proposition: 738
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 Shenandoah 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 SHENANDOAH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.