Back to Propositions Search
Proposition AOverton Municipal Development District (Rusk County)
PASSEDOverton Municipal Development District 2023 Capital Infrastructure & Facility Improvement Bond Proposition
May 2023 Overton Municipal Development District Uniform General & Special Election • Canvassed on 2023-05-06
Official Certified Canvass Outcome
FOR: 247 (50.1%)AGAINST: 246 (49.9%)
Total Ballots Cast on Proposition: 493
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 Overton Municipal Development District 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 OVERTON MUNICIPAL DEVELOPMENT DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.