Gaines County 2019 Capital Infrastructure & Facility Improvement Bond Proposition

November 2019 Gaines County General & Special Election • Canvassed on 2019-11-05

Official Certified Canvass Outcome

FOR: 1,265 (46.0%)AGAINST: 1,486 (54.0%)

Total Ballots Cast on Proposition: 2,751

Authorized Bond Debt

$8.8M

Total 30-Yr Repayment

$13.4M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Gaines County to issue $8,800,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $8,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GAINES COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF