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Proposition AHidalgo County Drainage District #1 (Hidalgo County)
PASSEDHidalgo County Drainage District #1 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 Hidalgo County Drainage District #1 Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 169 (62.1%)AGAINST: 103 (37.9%)
Total Ballots Cast on Proposition: 272
Authorized Bond Debt
$18.8M
Total 30-Yr Repayment
$28.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Hidalgo County Drainage District #1 to issue $18,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $18,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR HIDALGO COUNTY DRAINAGE DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.