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Proposition ACity of Farmers Branch (Dallas County)
FAILEDCity of Farmers Branch 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 City of Farmers Branch Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 3,169 (48.0%)AGAINST: 3,433 (52.0%)
Total Ballots Cast on Proposition: 6,602
Authorized Bond Debt
$37.9M
Total 30-Yr Repayment
$57.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Farmers Branch to issue $37,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $37,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF FARMERS BRANCH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.