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Proposition ACity of Lubbock (Lubbock County)
PASSEDCity of Lubbock 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 City of Lubbock Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 19,236 (53.0%)AGAINST: 17,059 (47.0%)
Total Ballots Cast on Proposition: 36,295
Authorized Bond Debt
$70.4M
Total 30-Yr Repayment
$107.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Lubbock to issue $70,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $70,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF LUBBOCK, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.