Back to Propositions Search
Proposition ACity of Pilot Point (Denton County)
PASSEDCity of Pilot Point 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 City of Pilot Point Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 323 (50.1%)AGAINST: 322 (49.9%)
Total Ballots Cast on Proposition: 645
Authorized Bond Debt
$4.1M
Total 30-Yr Repayment
$6.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Pilot Point to issue $4,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PILOT POINT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.