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Proposition ACity of Irving (Dallas County)
PASSEDCity of Irving 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of Irving Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 26,533 (56.0%)AGAINST: 20,847 (44.0%)
Total Ballots Cast on Proposition: 47,380
Authorized Bond Debt
$115.8M
Total 30-Yr Repayment
$176.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Irving to issue $115,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $115,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF IRVING, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.