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Proposition ACity of Magnolia (Montgomery County)
FAILEDCity of Magnolia 2023 Capital Infrastructure & Facility Improvement Bond Proposition
May 2023 City of Magnolia Uniform General & Special Election • Canvassed on 2023-05-06
Official Certified Canvass Outcome
FOR: 167 (49.1%)AGAINST: 173 (50.9%)
Total Ballots Cast on Proposition: 340
Authorized Bond Debt
$4.4M
Total 30-Yr Repayment
$6.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Magnolia to issue $4,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MAGNOLIA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.