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PASSED
SEED Municipal Development District Sweetwater Economic Development 2023 Capital Infrastructure & Facility Improvement Bond Proposition
May 2023 SEED Municipal Development District Sweetwater Economic Development Uniform General & Special Election • Canvassed on 2023-05-06
Official Certified Canvass Outcome
FOR: 230 (50.1%)AGAINST: 229 (49.9%)
Total Ballots Cast on Proposition: 459
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 SEED Municipal Development District Sweetwater Economic Development 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 SEED MUNICIPAL DEVELOPMENT DISTRICT SWEETWATER ECONOMIC DEVELOPMENT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.