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Proposition ACity of Tom Bean (Grayson County)
PASSEDCity of Tom Bean 2021 Capital Infrastructure & Facility Improvement Bond Proposition
May 2021 City of Tom Bean Uniform General & Special Election • Canvassed on 2021-05-01
Official Certified Canvass Outcome
FOR: 69 (54.8%)AGAINST: 57 (45.2%)
Total Ballots Cast on Proposition: 126
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Tom Bean to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF TOM BEAN, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.