Val Verde County 2002 Capital Infrastructure & Facility Improvement Bond Proposition

November 2002 Val Verde County General & Special Election • Canvassed on 2002-11-05

Official Certified Canvass Outcome

FOR: 2,784 (52.0%)AGAINST: 2,569 (48.0%)

Total Ballots Cast on Proposition: 5,353

Authorized Bond Debt

$5.5M

Total 30-Yr Repayment

$8.4M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Val Verde County to issue $5,500,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $5,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR VAL VERDE COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF