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PASSED
Somervell County Hospital District 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 Somervell County Hospital District Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 228 (55.9%)AGAINST: 180 (44.1%)
Total Ballots Cast on Proposition: 408
Authorized Bond Debt
$3.2M
Total 30-Yr Repayment
$4.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Somervell County Hospital District to issue $3,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SOMERVELL COUNTY HOSPITAL DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.