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Proposition ACity of Balch Springs (Dallas County)
PASSEDCity of Balch Springs 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of Balch Springs Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 2,657 (53.0%)AGAINST: 2,357 (47.0%)
Total Ballots Cast on Proposition: 5,014
Authorized Bond Debt
$8.7M
Total 30-Yr Repayment
$13.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Balch Springs to issue $8,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $8,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF BALCH SPRINGS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.