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Proposition ACity of Fair Oaks Ranch (Bexar County)
FAILEDCity of Fair Oaks Ranch 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 City of Fair Oaks Ranch Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 1,174 (49.0%)AGAINST: 1,222 (51.0%)
Total Ballots Cast on Proposition: 2,396
Authorized Bond Debt
$2.5M
Total 30-Yr Repayment
$3.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Fair Oaks Ranch to issue $2,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF FAIR OAKS RANCH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.