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Proposition ACity of Weslaco (Hidalgo County)
FAILEDCity of Weslaco 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 City of Weslaco Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 4,176 (50.0%)AGAINST: 4,176 (50.0%)
Total Ballots Cast on Proposition: 8,352
Authorized Bond Debt
$16.7M
Total 30-Yr Repayment
$25.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Weslaco to issue $16,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $16,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF WESLACO, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.