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Proposition ACity of Granbury (Hood County)
PASSEDCity of Granbury 2011 Capital Infrastructure & Facility Improvement Bond Proposition
May 2011 City of Granbury Uniform General & Special Election • Canvassed on 2011-05-07
Official Certified Canvass Outcome
FOR: 1,194 (59.0%)AGAINST: 829 (41.0%)
Total Ballots Cast on Proposition: 2,023
Authorized Bond Debt
$9.8M
Total 30-Yr Repayment
$14.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Granbury to issue $9,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $9,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF GRANBURY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.