Back to Propositions Search
Proposition ASabine Pass Port Authority (Jefferson County)
PASSEDSabine Pass Port Authority 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 Sabine Pass Port Authority Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 77 (50.3%)AGAINST: 76 (49.7%)
Total Ballots Cast on Proposition: 153
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Sabine Pass Port Authority to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SABINE PASS PORT AUTHORITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.