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Galveston County Water Control and Improvement District #12 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 Galveston County Water Control and Improvement District #12 Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 191 (59.1%)AGAINST: 132 (40.9%)
Total Ballots Cast on Proposition: 323
Authorized Bond Debt
$2.3M
Total 30-Yr Repayment
$3.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Galveston County Water Control and Improvement District #12 to issue $2,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DISTRICT #12, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.