Back to Propositions Search
Proposition ACity of Overton (Rusk County)
FAILEDCity of Overton 2000 Capital Infrastructure & Facility Improvement Bond Proposition
May 2000 City of Overton Uniform General & Special Election • Canvassed on 2000-05-06
Official Certified Canvass Outcome
FOR: 123 (48.8%)AGAINST: 129 (51.2%)
Total Ballots Cast on Proposition: 252
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Overton to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF OVERTON, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.