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Proposition ACity of Princeton (Collin County)
FAILEDCity of Princeton 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 City of Princeton Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 1,727 (49.0%)AGAINST: 1,797 (51.0%)
Total Ballots Cast on Proposition: 3,524
Authorized Bond Debt
$9.7M
Total 30-Yr Repayment
$14.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Princeton to issue $9,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $9,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PRINCETON, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.