Back to Propositions Search
Proposition AKaty Management District No. 1 (Fort Bend County)
FAILEDKaty Management District No. 1 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 Katy Management District No. 1 Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 180 (48.1%)AGAINST: 194 (51.9%)
Total Ballots Cast on Proposition: 374
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 Katy Management District No. 1 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 KATY MANAGEMENT DISTRICT NO. 1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.