Galveston County Consolidated Drainage District 2019 Capital Infrastructure & Facility Improvement Bond Proposition

May 2019 Galveston County Consolidated Drainage District Uniform General & Special Election • Canvassed on 2019-05-04

Official Certified Canvass Outcome

FOR: 234 (52.9%)AGAINST: 208 (47.1%)

Total Ballots Cast on Proposition: 442

Authorized Bond Debt

$2.6M

Total 30-Yr Repayment

$4.0M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Galveston County Consolidated Drainage District to issue $2,600,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $2,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GALVESTON COUNTY CONSOLIDATED DRAINAGE DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF