Denton County Municipal Utility District #16 2019 Capital Infrastructure & Facility Improvement Bond Proposition

May 2019 Denton County Municipal Utility District #16 Uniform General & Special Election • Canvassed on 2019-05-04

Official Certified Canvass Outcome

FOR: 199 (50.9%)AGAINST: 192 (49.1%)

Total Ballots Cast on Proposition: 391

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 Denton County Municipal Utility District #16 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 DENTON COUNTY MUNICIPAL UTILITY DISTRICT #16, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF