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Texarkana board calls special election on Nov. 18 to seek bonds and a 5-mill tax for streets and drainage
Summary
The board adopted an ordinance calling a Nov. 18 special election to ask voters to refund existing bonds and to approve up to $41.925 million in street bonds and $5.35 million in drainage bonds, funded by a 5-mill levy (net incremental 2.5 mills). The board attached an emergency clause to meet election deadlines.
The Texarkana Board of Directors voted to adopt an ordinance calling a special election on Nov. 18 to ask voters three questions: to refund the city's 2012 bonds, to issue street improvement bonds and to issue drainage improvement bonds. The ballot would ask voters to levy and pledge a tax of up to 5 mills for these purposes; because citizens already pay 2.5 mills of the current debt service, the incremental tax impact if…
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