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Proposition ACity of Mount Pleasant (Titus County)
PASSEDCity of Mount Pleasant 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 City of Mount Pleasant Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 1,756 (53.0%)AGAINST: 1,557 (47.0%)
Total Ballots Cast on Proposition: 3,313
Authorized Bond Debt
$5.5M
Total 30-Yr Repayment
$8.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Mount Pleasant to issue $5,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MOUNT PLEASANT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.