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Proposition AHidalgo County Drainage District #1 (Hidalgo County)
PASSEDHidalgo County Drainage District #1 2006 Capital Infrastructure & Facility Improvement Bond Proposition
May 2006 Hidalgo County Drainage District #1 Uniform General & Special Election • Canvassed on 2006-05-06
Official Certified Canvass Outcome
FOR: 191 (51.1%)AGAINST: 183 (48.9%)
Total Ballots Cast on Proposition: 374
Authorized Bond Debt
$17.7M
Total 30-Yr Repayment
$26.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Hidalgo County Drainage District #1 to issue $17,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $17,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR HIDALGO COUNTY DRAINAGE DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.