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Proposition ACity of Galveston (Galveston County)
FAILEDCity of Galveston 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 City of Galveston Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 4,995 (49.0%)AGAINST: 5,199 (51.0%)
Total Ballots Cast on Proposition: 10,194
Authorized Bond Debt
$32.5M
Total 30-Yr Repayment
$49.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Galveston to issue $32,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $32,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF GALVESTON, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.