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Proposition ACity of Palestine (Anderson County)
FAILEDCity of Palestine 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Palestine Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 979 (49.0%)AGAINST: 1,018 (51.0%)
Total Ballots Cast on Proposition: 1,997
Authorized Bond Debt
$7.3M
Total 30-Yr Repayment
$11.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Palestine to issue $7,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PALESTINE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.