Fannin County 2012 Capital Infrastructure & Facility Improvement Bond Proposition

November 2012 Fannin County General & Special Election • Canvassed on 2012-11-06

Official Certified Canvass Outcome

FOR: 3,843 (58.0%)AGAINST: 2,782 (42.0%)

Total Ballots Cast on Proposition: 6,625

Authorized Bond Debt

$6.2M

Total 30-Yr Repayment

$9.4M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Fannin County to issue $6,200,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $6,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FANNIN COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF