Back to Propositions Search
Proposition ACity of Dripping Springs (Hays County)
PASSEDCity of Dripping Springs 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 City of Dripping Springs Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 1,078 (52.0%)AGAINST: 996 (48.0%)
Total Ballots Cast on Proposition: 2,074
Authorized Bond Debt
$3.7M
Total 30-Yr Repayment
$5.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Dripping Springs to issue $3,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF DRIPPING SPRINGS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.