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PASSED
Horizon Regional Municipal Utility District 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 Horizon Regional Municipal Utility District Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 306 (58.1%)AGAINST: 221 (41.9%)
Total Ballots Cast on Proposition: 527
Authorized Bond Debt
$6.4M
Total 30-Yr Repayment
$9.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Horizon Regional Municipal Utility District to issue $6,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR HORIZON REGIONAL MUNICIPAL UTILITY DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.