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Proposition ACity of Schertz (Guadalupe County)
PASSEDCity of Schertz 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Schertz Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 4,399 (56.0%)AGAINST: 3,456 (44.0%)
Total Ballots Cast on Proposition: 7,855
Authorized Bond Debt
$20.9M
Total 30-Yr Repayment
$31.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Schertz to issue $20,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $20,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SCHERTZ, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.