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Proposition ACity of Waco (McLennan County)
PASSEDCity of Waco 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 City of Waco Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 15,691 (57.0%)AGAINST: 11,837 (43.0%)
Total Ballots Cast on Proposition: 27,528
Authorized Bond Debt
$86.8M
Total 30-Yr Repayment
$131.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Waco to issue $86,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $86,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF WACO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.