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Proposition ACity of Cibolo (Guadalupe County)
PASSEDCity of Cibolo 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Cibolo Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 2,592 (63.0%)AGAINST: 1,522 (37.0%)
Total Ballots Cast on Proposition: 4,114
Authorized Bond Debt
$10.7M
Total 30-Yr Repayment
$16.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Cibolo to issue $10,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $10,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF CIBOLO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.