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Proposition APort of Houston Authority (Harris County)
FAILEDPort of Houston Authority 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 Port of Houston Authority Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 443,018 (47.0%)AGAINST: 499,574 (53.0%)
Total Ballots Cast on Proposition: 942,592
Authorized Bond Debt
$26.1M
Total 30-Yr Repayment
$39.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Port of Houston Authority to issue $26,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $26,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PORT OF HOUSTON AUTHORITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.