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Proposition ACity of Giddings (Lee County)
PASSEDCity of Giddings 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 City of Giddings Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 450 (58.1%)AGAINST: 325 (41.9%)
Total Ballots Cast on Proposition: 775
Authorized Bond Debt
$1.6M
Total 30-Yr Repayment
$2.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Giddings to issue $1,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF GIDDINGS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.