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Proposition ACity of San Benito (Cameron County)
PASSEDCity of San Benito 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 City of San Benito Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 1,425 (53.0%)AGAINST: 1,264 (47.0%)
Total Ballots Cast on Proposition: 2,689
Authorized Bond Debt
$3.5M
Total 30-Yr Repayment
$5.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of San Benito to issue $3,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SAN BENITO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.