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Proposition ACity of Lindale (Smith County)
PASSEDCity of Lindale 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 City of Lindale Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 557 (52.0%)AGAINST: 514 (48.0%)
Total Ballots Cast on Proposition: 1,071
Authorized Bond Debt
$2.3M
Total 30-Yr Repayment
$3.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Lindale to issue $2,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF LINDALE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.