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Proposition ACity of Terrell (Kaufman County)
PASSEDCity of Terrell 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 City of Terrell Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 2,953 (63.0%)AGAINST: 1,734 (37.0%)
Total Ballots Cast on Proposition: 4,687
Authorized Bond Debt
$11.8M
Total 30-Yr Repayment
$17.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Terrell to issue $11,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $11,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF TERRELL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.