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Proposition ATown of Providence Village (Denton County)
PASSEDTown of Providence Village 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 Town of Providence Village Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 1,242 (63.0%)AGAINST: 729 (37.0%)
Total Ballots Cast on Proposition: 1,971
Authorized Bond Debt
$3.0M
Total 30-Yr Repayment
$4.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Town of Providence Village to issue $3,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TOWN OF PROVIDENCE VILLAGE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.