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Proposition ASmith County (Smith County)
FAILEDSmith County 2003 Capital Infrastructure & Facility Improvement Bond Proposition
November 2003 Smith County General & Special Election • Canvassed on 2003-11-04
Official Certified Canvass Outcome
FOR: 14,974 (47.0%)AGAINST: 16,885 (53.0%)
Total Ballots Cast on Proposition: 31,859
Authorized Bond Debt
$29.6M
Total 30-Yr Repayment
$45.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Smith County to issue $29,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $29,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SMITH COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.