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Proposition ALaguna Madre WD (Cameron County)
PASSEDLaguna Madre WD 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 Laguna Madre WD Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 1,041 (53.0%)AGAINST: 923 (47.0%)
Total Ballots Cast on Proposition: 1,964
Authorized Bond Debt
$2.9M
Total 30-Yr Repayment
$4.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Laguna Madre WD to issue $2,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LAGUNA MADRE WD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.