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Proposition ACity of McKinney (Collin County)
PASSEDCity of McKinney 2011 Capital Infrastructure & Facility Improvement Bond Proposition
May 2011 City of McKinney Uniform General & Special Election • Canvassed on 2011-05-07
Official Certified Canvass Outcome
FOR: 23,331 (52.0%)AGAINST: 21,537 (48.0%)
Total Ballots Cast on Proposition: 44,868
Authorized Bond Debt
$92.9M
Total 30-Yr Repayment
$141.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of McKinney to issue $92,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $92,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MCKINNEY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.