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Proposition AGaines County (Gaines County)
PASSEDGaines County 2010 Capital Infrastructure & Facility Improvement Bond Proposition
November 2010 Gaines County General & Special Election • Canvassed on 2010-11-02
Official Certified Canvass Outcome
FOR: 1,102 (51.0%)AGAINST: 1,059 (49.0%)
Total Ballots Cast on Proposition: 2,161
Authorized Bond Debt
$5.9M
Total 30-Yr Repayment
$9.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Gaines County to issue $5,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GAINES COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.