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Proposition ACity of Midland (Midland County)
PASSEDCity of Midland 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Midland Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 10,907 (61.0%)AGAINST: 6,974 (39.0%)
Total Ballots Cast on Proposition: 17,881
Authorized Bond Debt
$75.5M
Total 30-Yr Repayment
$114.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Midland to issue $75,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $75,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MIDLAND, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.