Cameron County 2016 Capital Infrastructure & Facility Improvement Bond Proposition

November 2016 Cameron County General & Special Election • Canvassed on 2016-11-08

Official Certified Canvass Outcome

FOR: 31,264 (46.0%)AGAINST: 36,701 (54.0%)

Total Ballots Cast on Proposition: 67,965

Authorized Bond Debt

$52.7M

Total 30-Yr Repayment

$80.1M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Cameron County to issue $52,700,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $52,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CAMERON COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF