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Proposition ANorth Texas Tollway Authority (Collin County)
PASSEDNorth Texas Tollway Authority 2011 Capital Infrastructure & Facility Improvement Bond Proposition
May 2011 North Texas Tollway Authority Uniform General & Special Election • Canvassed on 2011-05-07
Official Certified Canvass Outcome
FOR: 424,010 (56.0%)AGAINST: 333,150 (44.0%)
Total Ballots Cast on Proposition: 757,160
Authorized Bond Debt
$181.1M
Total 30-Yr Repayment
$275.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes North Texas Tollway Authority to issue $181,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $181,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NORTH TEXAS TOLLWAY AUTHORITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.