Back to Propositions Search
Proposition AVelasco Drainage District (Brazoria County)
PASSEDVelasco Drainage District 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 Velasco Drainage District Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 139 (51.1%)AGAINST: 133 (48.9%)
Total Ballots Cast on Proposition: 272
Authorized Bond Debt
$3.6M
Total 30-Yr Repayment
$5.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Velasco Drainage District to issue $3,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR VELASCO DRAINAGE DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.