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Proposition ATown of Loraine (Mitchell County)
PASSEDTown of Loraine 2023 Capital Infrastructure & Facility Improvement Bond Proposition
May 2023 Town of Loraine Uniform General & Special Election • Canvassed on 2023-05-06
Official Certified Canvass Outcome
FOR: 76 (63.3%)AGAINST: 44 (36.7%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Town of Loraine to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TOWN OF LORAINE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.