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Proposition ACity of Grand Saline (Van Zandt County)
PASSEDCity of Grand Saline 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Grand Saline Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 332 (59.9%)AGAINST: 222 (40.1%)
Total Ballots Cast on Proposition: 554
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 City of Grand Saline 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 CITY OF GRAND SALINE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.