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Proposition ACity of Corsicana (Navarro County)
PASSEDCity of Corsicana 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 City of Corsicana Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 2,208 (55.0%)AGAINST: 1,807 (45.0%)
Total Ballots Cast on Proposition: 4,015
Authorized Bond Debt
$6.8M
Total 30-Yr Repayment
$10.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Corsicana to issue $6,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF CORSICANA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.