Back to Propositions Search
Proposition ACity of Port Isabel (Cameron County)
FAILEDCity of Port Isabel 2011 Capital Infrastructure & Facility Improvement Bond Proposition
May 2011 City of Port Isabel Uniform General & Special Election • Canvassed on 2011-05-07
Official Certified Canvass Outcome
FOR: 244 (46.0%)AGAINST: 287 (54.0%)
Total Ballots Cast on Proposition: 531
Authorized Bond Debt
$2.3M
Total 30-Yr Repayment
$3.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Port Isabel to issue $2,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PORT ISABEL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.