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Proposition ATown of Prosper (Collin County)
FAILEDTown of Prosper 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 Town of Prosper Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 3,951 (49.0%)AGAINST: 4,112 (51.0%)
Total Ballots Cast on Proposition: 8,063
Authorized Bond Debt
$24.8M
Total 30-Yr Repayment
$37.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Town of Prosper to issue $24,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $24,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TOWN OF PROSPER, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.