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PASSED
New Caney Municipal Utility District 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 New Caney Municipal Utility District Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 224 (59.9%)AGAINST: 150 (40.1%)
Total Ballots Cast on Proposition: 374
Authorized Bond Debt
$1.8M
Total 30-Yr Repayment
$2.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes New Caney Municipal Utility District to issue $1,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NEW CANEY MUNICIPAL UTILITY DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.