City of DeSoto 2001 Capital Infrastructure & Facility Improvement Bond Proposition

May 2001 City of DeSoto Uniform General & Special Election • Canvassed on 2001-05-05

Official Certified Canvass Outcome

FOR: 5,183 (48.0%)AGAINST: 5,615 (52.0%)

Total Ballots Cast on Proposition: 10,798

Authorized Bond Debt

$10.7M

Total 30-Yr Repayment

$16.3M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes City of DeSoto to issue $10,700,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $10,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF DESOTO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF