Back to Propositions Search
Proposition ACity of La Marque (Galveston County)
PASSEDCity of La Marque 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 City of La Marque Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 1,164 (53.0%)AGAINST: 1,033 (47.0%)
Total Ballots Cast on Proposition: 2,197
Authorized Bond Debt
$4.1M
Total 30-Yr Repayment
$6.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of La Marque to issue $4,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF LA MARQUE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.