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Proposition ANorth Texas Tollway Authority (Collin County)
PASSEDNorth Texas Tollway Authority 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 North Texas Tollway Authority Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 733,499 (62.0%)AGAINST: 449,564 (38.0%)
Total Ballots Cast on Proposition: 1,183,063
Authorized Bond Debt
$168.7M
Total 30-Yr Repayment
$256.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes North Texas Tollway Authority to issue $168,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $168,700,000 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.