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Proposition APort of Houston Authority (Harris County)
PASSEDPort of Houston Authority 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 Port of Houston Authority Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 331,532 (60.0%)AGAINST: 221,022 (40.0%)
Total Ballots Cast on Proposition: 552,554
Authorized Bond Debt
$29.4M
Total 30-Yr Repayment
$44.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Port of Houston Authority to issue $29,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $29,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PORT OF HOUSTON AUTHORITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.