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Proposition ACity of Horseshoe Bay (Llano County)
PASSEDCity of Horseshoe Bay 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Horseshoe Bay Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 448 (50.1%)AGAINST: 447 (49.9%)
Total Ballots Cast on Proposition: 895
Authorized Bond Debt
$5.7M
Total 30-Yr Repayment
$8.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Horseshoe Bay to issue $5,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF HORSESHOE BAY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.