Back to Propositions Search
Proposition ACity of Horseshoe Bay (Llano County)
PASSEDCity of Horseshoe Bay 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of Horseshoe Bay Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 609 (59.0%)AGAINST: 424 (41.0%)
Total Ballots Cast on Proposition: 1,033
Authorized Bond Debt
$4.7M
Total 30-Yr Repayment
$7.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Horseshoe Bay to issue $4,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF HORSESHOE BAY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.