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Proposition ACity of Sulphur Springs (Hopkins County)
FAILEDCity of Sulphur Springs 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 City of Sulphur Springs Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 1,295 (49.0%)AGAINST: 1,347 (51.0%)
Total Ballots Cast on Proposition: 2,642
Authorized Bond Debt
$6.5M
Total 30-Yr Repayment
$9.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Sulphur Springs to issue $6,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SULPHUR SPRINGS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.