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Proposition ACity of Socorro (El Paso County)
PASSEDCity of Socorro 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 City of Socorro Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 3,962 (52.0%)AGAINST: 3,658 (48.0%)
Total Ballots Cast on Proposition: 7,620
Authorized Bond Debt
$3.9M
Total 30-Yr Repayment
$5.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Socorro to issue $3,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SOCORRO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.