Back to Propositions Search
Proposition ACity of Pilot Point (Denton County)
PASSEDCity of Pilot Point 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Pilot Point Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 885 (62.0%)AGAINST: 542 (38.0%)
Total Ballots Cast on Proposition: 1,427
Authorized Bond Debt
$5.8M
Total 30-Yr Repayment
$8.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Pilot Point to issue $5,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PILOT POINT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.