Back to Propositions Search
FAILED
Collins Municipal Utility District #01 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 Collins Municipal Utility District #01 Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 150 (49.0%)AGAINST: 156 (51.0%)
Total Ballots Cast on Proposition: 306
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Collins Municipal Utility District #01 to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR COLLINS MUNICIPAL UTILITY DISTRICT #01, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.