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Proposition ACity of Victoria (Victoria County)
PASSEDCity of Victoria 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Victoria Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 4,947 (58.0%)AGAINST: 3,583 (42.0%)
Total Ballots Cast on Proposition: 8,530
Authorized Bond Debt
$25.3M
Total 30-Yr Repayment
$38.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Victoria to issue $25,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $25,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF VICTORIA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.