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Proposition ACity of Stafford (Fort Bend County)
PASSEDCity of Stafford 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of Stafford Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 1,354 (54.0%)AGAINST: 1,153 (46.0%)
Total Ballots Cast on Proposition: 2,507
Authorized Bond Debt
$11.3M
Total 30-Yr Repayment
$17.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Stafford to issue $11,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $11,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF STAFFORD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.