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Proposition ACity of Princeton (Collin County)
FAILEDCity of Princeton 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of Princeton Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 1,621 (46.0%)AGAINST: 1,903 (54.0%)
Total Ballots Cast on Proposition: 3,524
Authorized Bond Debt
$11.8M
Total 30-Yr Repayment
$17.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Princeton to issue $11,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $11,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PRINCETON, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.