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Proposition ACity of Socorro (El Paso County)
PASSEDCity of Socorro 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 City of Socorro Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 3,831 (54.0%)AGAINST: 3,264 (46.0%)
Total Ballots Cast on Proposition: 7,095
Authorized Bond Debt
$3.6M
Total 30-Yr Repayment
$5.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Socorro to issue $3,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SOCORRO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.