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Proposition ACity of Denison (Grayson County)
FAILEDCity of Denison 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Denison Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 2,620 (47.0%)AGAINST: 2,955 (53.0%)
Total Ballots Cast on Proposition: 5,575
Authorized Bond Debt
$16.5M
Total 30-Yr Repayment
$25.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Denison to issue $16,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $16,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF DENISON, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.