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Proposition ACity of Progreso Lakes (Hidalgo County)
PASSEDCity of Progreso Lakes 2021 Capital Infrastructure & Facility Improvement Bond Proposition
May 2021 City of Progreso Lakes Uniform General & Special Election • Canvassed on 2021-05-01
Official Certified Canvass Outcome
FOR: 76 (63.3%)AGAINST: 44 (36.7%)
Total Ballots Cast on Proposition: 120
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 Progreso Lakes 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 PROGRESO LAKES, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.