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FAILED
Willow Point Municipal Utility District 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 Willow Point Municipal Utility District Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 240 (47.1%)AGAINST: 270 (52.9%)
Total Ballots Cast on Proposition: 510
Authorized Bond Debt
$2.0M
Total 30-Yr Repayment
$3.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Willow Point Municipal Utility District to issue $2,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR WILLOW POINT MUNICIPAL UTILITY DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.