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Proposition ACity of Lavon (Collin County)
PASSEDCity of Lavon 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 City of Lavon Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 954 (59.0%)AGAINST: 663 (41.0%)
Total Ballots Cast on Proposition: 1,617
Authorized Bond Debt
$5.4M
Total 30-Yr Repayment
$8.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Lavon to issue $5,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF LAVON, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.