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Proposition ACity of Little River-Academy (Bell County)
PASSEDCity of Little River-Academy 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 City of Little River-Academy Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 124 (53.0%)AGAINST: 110 (47.0%)
Total Ballots Cast on Proposition: 234
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 Little River-Academy 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 LITTLE RIVER-ACADEMY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.