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PASSED
Port of Beaumont Navigation District 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 Port of Beaumont Navigation District Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 295 (56.0%)AGAINST: 232 (44.0%)
Total Ballots Cast on Proposition: 527
Authorized Bond Debt
$22.9M
Total 30-Yr Repayment
$34.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Port of Beaumont Navigation District to issue $22,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $22,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PORT OF BEAUMONT NAVIGATION DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.