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Proposition ACity of The Colony (Denton County)
FAILEDCity of The Colony 2022 Capital Infrastructure & Facility Improvement Bond Proposition
May 2022 City of The Colony Uniform General & Special Election • Canvassed on 2022-05-07
Official Certified Canvass Outcome
FOR: 2,746 (46.0%)AGAINST: 3,223 (54.0%)
Total Ballots Cast on Proposition: 5,969
Authorized Bond Debt
$49.2M
Total 30-Yr Repayment
$74.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of The Colony to issue $49,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $49,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF THE COLONY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.