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Proposition ACity of Schertz (Guadalupe County)
PASSEDCity of Schertz 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Schertz Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 3,806 (63.0%)AGAINST: 2,236 (37.0%)
Total Ballots Cast on Proposition: 6,042
Authorized Bond Debt
$21.7M
Total 30-Yr Repayment
$33.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Schertz to issue $21,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $21,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SCHERTZ, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.