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Proposition ACity of Royse City (Rockwall County)
FAILEDCity of Royse City 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 City of Royse City Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 1,043 (48.0%)AGAINST: 1,130 (52.0%)
Total Ballots Cast on Proposition: 2,173
Authorized Bond Debt
$6.4M
Total 30-Yr Repayment
$9.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Royse City to issue $6,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF ROYSE CITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.