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Proposition ACity of Lake Worth (Tarrant County)
PASSEDCity of Lake Worth 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of Lake Worth Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 548 (54.0%)AGAINST: 467 (46.0%)
Total Ballots Cast on Proposition: 1,015
Authorized Bond Debt
$4.9M
Total 30-Yr Repayment
$7.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Lake Worth to issue $4,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF LAKE WORTH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.