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Proposition ACity of Odessa (Ector County)
PASSEDCity of Odessa 2006 Capital Infrastructure & Facility Improvement Bond Proposition
May 2006 City of Odessa Uniform General & Special Election • Canvassed on 2006-05-06
Official Certified Canvass Outcome
FOR: 9,234 (54.0%)AGAINST: 7,866 (46.0%)
Total Ballots Cast on Proposition: 17,100
Authorized Bond Debt
$40.2M
Total 30-Yr Repayment
$61.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Odessa to issue $40,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $40,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF ODESSA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.