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Proposition ACity of Heath (Rockwall County)
PASSEDCity of Heath 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 City of Heath Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 1,176 (59.0%)AGAINST: 817 (41.0%)
Total Ballots Cast on Proposition: 1,993
Authorized Bond Debt
$3.7M
Total 30-Yr Repayment
$5.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Heath to issue $3,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF HEATH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.