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Proposition ACity of Gun Barrel City (Henderson County)
PASSEDCity of Gun Barrel City 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Gun Barrel City Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 830 (59.0%)AGAINST: 577 (41.0%)
Total Ballots Cast on Proposition: 1,407
Authorized Bond Debt
$2.4M
Total 30-Yr Repayment
$3.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Gun Barrel City to issue $2,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF GUN BARREL CITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.