Smith County Soil and Water Conservation District #426 2016 Capital Infrastructure & Facility Improvement Bond Proposition

May 2016 Smith County Soil and Water Conservation District #426 Uniform General & Special Election • Canvassed on 2016-05-07

Official Certified Canvass Outcome

FOR: 262 (57.1%)AGAINST: 197 (42.9%)

Total Ballots Cast on Proposition: 459

Authorized Bond Debt

$1.5M

Total 30-Yr Repayment

$2.3M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Smith County Soil and Water Conservation District #426 to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SMITH COUNTY SOIL AND WATER CONSERVATION DISTRICT #426, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF