Back to Propositions Search
Proposition ACity of Valley Mills (Bosque County)
PASSEDCity of Valley Mills 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 City of Valley Mills Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 115 (52.0%)AGAINST: 106 (48.0%)
Total Ballots Cast on Proposition: 221
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 Valley Mills 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 VALLEY MILLS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.