Fayette County 2002 Capital Infrastructure & Facility Improvement Bond Proposition

November 2002 Fayette County General & Special Election • Canvassed on 2002-11-05

Official Certified Canvass Outcome

FOR: 1,771 (46.0%)AGAINST: 2,078 (54.0%)

Total Ballots Cast on Proposition: 3,849

Authorized Bond Debt

$5.5M

Total 30-Yr Repayment

$8.4M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Fayette County to issue $5,500,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $5,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FAYETTE COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF