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Proposition ATown of Penelope (Hill County)
PASSEDTown of Penelope 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 Town of Penelope Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 74 (61.7%)AGAINST: 46 (38.3%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Town of Penelope to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TOWN OF PENELOPE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.