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Proposition ACity of Van Alstyne (Grayson County)
FAILEDCity of Van Alstyne 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 City of Van Alstyne Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 424 (48.0%)AGAINST: 460 (52.0%)
Total Ballots Cast on Proposition: 884
Authorized Bond Debt
$3.4M
Total 30-Yr Repayment
$5.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Van Alstyne to issue $3,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF VAN ALSTYNE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.