Fannin County 2002 Capital Infrastructure & Facility Improvement Bond Proposition

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

Official Certified Canvass Outcome

FOR: 3,089 (52.0%)AGAINST: 2,851 (48.0%)

Total Ballots Cast on Proposition: 5,940

Authorized Bond Debt

$4.6M

Total 30-Yr Repayment

$7.0M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Fannin County to issue $4,600,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $4,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FANNIN COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF