Back to Propositions Search
Proposition ACity of Corinth (Denton County)
PASSEDCity of Corinth 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 City of Corinth Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 1,611 (51.0%)AGAINST: 1,548 (49.0%)
Total Ballots Cast on Proposition: 3,159
Authorized Bond Debt
$5.7M
Total 30-Yr Repayment
$8.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Corinth to issue $5,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF CORINTH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.