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Proposition ACity of Canton (Van Zandt County)
PASSEDCity of Canton 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Canton Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 516 (58.0%)AGAINST: 373 (42.0%)
Total Ballots Cast on Proposition: 889
Authorized Bond Debt
$3.0M
Total 30-Yr Repayment
$4.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Canton to issue $3,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF CANTON, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.