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PASSED
McKinney Municipal Utility District #1 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 McKinney Municipal Utility District #1 Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 145 (56.9%)AGAINST: 110 (43.1%)
Total Ballots Cast on Proposition: 255
Authorized Bond Debt
$3.8M
Total 30-Yr Repayment
$5.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes McKinney Municipal Utility District #1 to issue $3,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MCKINNEY MUNICIPAL UTILITY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.