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Proposition ARains County (Rains County)
PASSEDRains County 2020 Capital Infrastructure & Facility Improvement Bond Proposition
November 2020 Rains County General & Special Election • Canvassed on 2020-11-03
Official Certified Canvass Outcome
FOR: 1,313 (55.0%)AGAINST: 1,074 (45.0%)
Total Ballots Cast on Proposition: 2,387
Authorized Bond Debt
$3.3M
Total 30-Yr Repayment
$5.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Rains County to issue $3,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RAINS COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.