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Proposition ACity of Mercedes (Hidalgo County)
PASSEDCity of Mercedes 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 City of Mercedes Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 1,383 (58.0%)AGAINST: 1,002 (42.0%)
Total Ballots Cast on Proposition: 2,385
Authorized Bond Debt
$4.6M
Total 30-Yr Repayment
$7.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Mercedes to issue $4,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MERCEDES, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.