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Tolleson · Civic Topic

Proposition 435: General Obligation Bonds

Proposition 435 asked Tolleson voters to authorize $21 million in general obligation bonds for parks and recreation projects, including an aquatic facility.

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What a yes or no vote meant

YES

Approved the issuance of general obligation bonds.

  • Authorized up to $21,000,000 in general obligation bonds.
  • The City stated that the bonds would fund parks and recreation projects, including an aquatic facility.
  • The bonds would be repaid through secondary property taxes.
  • The City stated that issuing the bonds would result in a property-tax increase sufficient to pay annual debt service.

NO

Did not authorize the proposed general obligation bonds.

  • The proposed $21 million bond issuance would not have been authorized.
  • The proposed parks and recreation projects would not have received funding from these bonds.
  • The proposed secondary-property-tax debt service associated with the bonds would not have been established.

Quick answers

How much were the proposed bonds?
$21 million.
What would the bonds fund?
The City identified parks and recreation projects, including an aquatic facility.
How would the bonds be repaid?
The City stated that they would be repaid through secondary property taxes.
Would there be a property-tax effect?
Yes. The City’s ballot description stated that issuing the bonds would result in a property-tax increase sufficient to pay annual debt service.
What was the election result?
Proposition 435 was approved. The final official results recorded 1,334 YES votes and 744 NO votes.

Why Proposition 435 was on the ballot

Proposition 435 asked Tolleson voters to authorize the issuance and sale of $21 million in general obligation bonds.

The City described the proposed bonds as funding for parks and recreation projects, including an aquatic facility.

What Proposition 435 would change

Approval would authorize the City to issue the proposed general obligation bonds.

The City’s October 2020 election information stated that the bonds would be repaid through secondary property taxes and that issuing the bonds would result in a property-tax increase sufficient to pay the annual debt service.

Financial figures

$21M
Proposed bond authorization
The amount of general obligation bonds described in the City’s ballot information.
25 years
Not specified
The City source reviewed for Proposition 435 identifies the bond amount and proposed projects but does not establish a single repayment term in the material used for this page.

The City identified secondary property taxes as the repayment source and stated that issuing the bonds would result in a property-tax increase sufficient to pay annual debt service.

Timeline

October 1, 2020
The City published information about Proposition 435 and the other two Tolleson propositions on the November general-election ballot.

November 3, 2020
Proposition 435 appeared on the City of Tolleson’s general-election ballot.

November 13, 2020
Maricopa County’s final official results recorded 1,334 YES votes and 744 NO votes for Proposition 435.

Official Sources

  • City of Tolleson, October 2020 election information.
  • City of Tolleson, 2020 General Obligation Bond Election materials referenced by the City.
  • Maricopa County Elections, November 3, 2020 Final Official Summary Report.

Official Sources (2)

View official sources

These government sources support the information on this page. OWVAZ preserves an original source address even if the government later moves or removes the document.

Tolleson Newsletter - October 2020: Three Ballot Measures for the 2020 General Election

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Official City newsletter describing Propositions 434, 435, and 436 for the November 3, 2020 General Election. The material identifies the purpose and key terms of each proposition and references Resolutions 2421, 2415, and 2408.

November 3, 2020 Final Official Summary Report

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Final official Maricopa County election results for the November 3, 2020 General Election, including Tolleson Propositions 434, 435, and 436.