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Proposition ACity of McAllen (Hidalgo County)
PASSEDCity of McAllen 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of McAllen Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 13,153 (50.0%)AGAINST: 13,152 (50.0%)
Total Ballots Cast on Proposition: 26,305
Authorized Bond Debt
$60.6M
Total 30-Yr Repayment
$92.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of McAllen to issue $60,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $60,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MCALLEN, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.