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Proposition ACity of Rio Grande City (Starr County)
FAILEDCity of Rio Grande City 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Rio Grande City Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 874 (46.0%)AGAINST: 1,026 (54.0%)
Total Ballots Cast on Proposition: 1,900
Authorized Bond Debt
$3.2M
Total 30-Yr Repayment
$4.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Rio Grande City to issue $3,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF RIO GRANDE CITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.