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Galveston County Water Control and Improvement District #12 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 Galveston County Water Control and Improvement District #12 Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 271 (56.9%)AGAINST: 205 (43.1%)
Total Ballots Cast on Proposition: 476
Authorized Bond Debt
$1.7M
Total 30-Yr Repayment
$2.6M
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 $1,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,700,000 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.