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Proposition ASmith County (Smith County)
FAILEDSmith County 2002 Capital Infrastructure & Facility Improvement Bond Proposition
November 2002 Smith County General & Special Election • Canvassed on 2002-11-05
Official Certified Canvass Outcome
FOR: 19,869 (49.0%)AGAINST: 20,679 (51.0%)
Total Ballots Cast on Proposition: 40,548
Authorized Bond Debt
$28.4M
Total 30-Yr Repayment
$43.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Smith County to issue $28,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $28,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SMITH COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.