Back to Propositions Search
Proposition ACity of Cottonwood Shores (Burnet County)
PASSEDCity of Cottonwood Shores 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Cottonwood Shores Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 109 (60.2%)AGAINST: 72 (39.8%)
Total Ballots Cast on Proposition: 181
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Cottonwood Shores to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF COTTONWOOD SHORES, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.