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Proposition ACity of Rockwall (Rockwall County)
PASSEDCity of Rockwall 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 City of Rockwall Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 4,171 (61.0%)AGAINST: 2,666 (39.0%)
Total Ballots Cast on Proposition: 6,837
Authorized Bond Debt
$27.3M
Total 30-Yr Repayment
$41.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Rockwall to issue $27,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $27,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF ROCKWALL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.