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Proposition ACity of Del Rio (Val Verde County)
PASSEDCity of Del Rio 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Del Rio Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 3,678 (52.0%)AGAINST: 3,396 (48.0%)
Total Ballots Cast on Proposition: 7,074
Authorized Bond Debt
$9.6M
Total 30-Yr Repayment
$14.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Del Rio to issue $9,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $9,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF DEL RIO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.