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Proposition ACity of Bonham (Fannin County)
PASSEDCity of Bonham 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of Bonham Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 1,123 (55.0%)AGAINST: 918 (45.0%)
Total Ballots Cast on Proposition: 2,041
Authorized Bond Debt
$2.7M
Total 30-Yr Repayment
$4.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Bonham to issue $2,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF BONHAM, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.