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Proposition ACity of Gatesville (Coryell County)
FAILEDCity of Gatesville 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 City of Gatesville Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 1,230 (48.0%)AGAINST: 1,333 (52.0%)
Total Ballots Cast on Proposition: 2,563
Authorized Bond Debt
$2.0M
Total 30-Yr Repayment
$3.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Gatesville to issue $2,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF GATESVILLE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.