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Proposition ACity of Lake Worth (Tarrant County)
FAILEDCity of Lake Worth 2022 Capital Infrastructure & Facility Improvement Bond Proposition
May 2022 City of Lake Worth Uniform General & Special Election • Canvassed on 2022-05-07
Official Certified Canvass Outcome
FOR: 220 (48.0%)AGAINST: 238 (52.0%)
Total Ballots Cast on Proposition: 458
Authorized Bond Debt
$6.9M
Total 30-Yr Repayment
$10.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Lake Worth to issue $6,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF LAKE WORTH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.