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Proposition ACity of Georgetown (Williamson County)
PASSEDCity of Georgetown 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 City of Georgetown Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 11,371 (55.0%)AGAINST: 9,303 (45.0%)
Total Ballots Cast on Proposition: 20,674
Authorized Bond Debt
$46.4M
Total 30-Yr Repayment
$70.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Georgetown to issue $46,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $46,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF GEORGETOWN, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.