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FAILED
East Montgomery County Improvement District 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 East Montgomery County Improvement District Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 150 (49.0%)AGAINST: 156 (51.0%)
Total Ballots Cast on Proposition: 306
Authorized Bond Debt
$2.9M
Total 30-Yr Repayment
$4.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes East Montgomery County Improvement District to issue $2,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR EAST MONTGOMERY COUNTY IMPROVEMENT DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.