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Proposition ASmith County (Smith County)
PASSEDSmith County 2007 Capital Infrastructure & Facility Improvement Bond Proposition
November 2007 Smith County General & Special Election • Canvassed on 2007-11-06
Official Certified Canvass Outcome
FOR: 13,786 (56.0%)AGAINST: 10,832 (44.0%)
Total Ballots Cast on Proposition: 24,618
Authorized Bond Debt
$33.7M
Total 30-Yr Repayment
$51.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Smith County to issue $33,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $33,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SMITH COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.