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Proposition ACity of New Braunfels (Comal County)
PASSEDCity of New Braunfels 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of New Braunfels Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 8,348 (62.0%)AGAINST: 5,117 (38.0%)
Total Ballots Cast on Proposition: 13,465
Authorized Bond Debt
$47.6M
Total 30-Yr Repayment
$72.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of New Braunfels to issue $47,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $47,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF NEW BRAUNFELS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.