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Proposition ACity of Forney (Kaufman County)
PASSEDCity of Forney 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 City of Forney Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 3,620 (60.0%)AGAINST: 2,413 (40.0%)
Total Ballots Cast on Proposition: 6,033
Authorized Bond Debt
$9.8M
Total 30-Yr Repayment
$14.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Forney to issue $9,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $9,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF FORNEY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.