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Proposition APanola County (Panola County)
PASSEDPanola County 2011 Capital Infrastructure & Facility Improvement Bond Proposition
November 2011 Panola County General & Special Election • Canvassed on 2011-11-08
Official Certified Canvass Outcome
FOR: 2,025 (59.0%)AGAINST: 1,408 (41.0%)
Total Ballots Cast on Proposition: 3,433
Authorized Bond Debt
$8.8M
Total 30-Yr Repayment
$13.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Panola County to issue $8,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $8,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PANOLA COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.