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Proposition ACity of Horseshoe Bay (Llano County)
PASSEDCity of Horseshoe Bay 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 City of Horseshoe Bay Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 534 (62.0%)AGAINST: 327 (38.0%)
Total Ballots Cast on Proposition: 861
Authorized Bond Debt
$5.9M
Total 30-Yr Repayment
$9.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Horseshoe Bay to issue $5,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF HORSESHOE BAY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.