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Proposition ATown of Prosper (Collin County)
PASSEDTown of Prosper 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 Town of Prosper Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 2,559 (55.0%)AGAINST: 2,093 (45.0%)
Total Ballots Cast on Proposition: 4,652
Authorized Bond Debt
$30.1M
Total 30-Yr Repayment
$45.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Town of Prosper to issue $30,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $30,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TOWN OF PROSPER, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.