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Proposition ACity of Laredo (Webb County)
PASSEDCity of Laredo 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 City of Laredo Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 27,803 (57.0%)AGAINST: 20,975 (43.0%)
Total Ballots Cast on Proposition: 48,778
Authorized Bond Debt
$58.5M
Total 30-Yr Repayment
$88.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Laredo to issue $58,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $58,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF LAREDO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.