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Proposition ACity of Springtown (Parker County)
PASSEDCity of Springtown 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 City of Springtown Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 417 (59.0%)AGAINST: 290 (41.0%)
Total Ballots Cast on Proposition: 707
Authorized Bond Debt
$2.7M
Total 30-Yr Repayment
$4.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Springtown to issue $2,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SPRINGTOWN, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.