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Proposition ACity of McKinney (Collin County)
FAILEDCity of McKinney 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 City of McKinney Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 21,227 (49.0%)AGAINST: 22,094 (51.0%)
Total Ballots Cast on Proposition: 43,321
Authorized Bond Debt
$83.6M
Total 30-Yr Repayment
$127.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of McKinney to issue $83,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $83,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MCKINNEY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.