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Proposition ACameron County Drainage District #5 (Cameron County)
PASSEDCameron County Drainage District #5 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 Cameron County Drainage District #5 Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 135 (52.9%)AGAINST: 120 (47.1%)
Total Ballots Cast on Proposition: 255
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 Cameron County Drainage District #5 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 CAMERON COUNTY DRAINAGE DISTRICT #5, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.