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Proposition ARains County (Rains County)
PASSEDRains County 2018 Capital Infrastructure & Facility Improvement Bond Proposition
November 2018 Rains County General & Special Election • Canvassed on 2018-11-06
Official Certified Canvass Outcome
FOR: 1,106 (50.0%)AGAINST: 1,105 (50.0%)
Total Ballots Cast on Proposition: 2,211
Authorized Bond Debt
$3.1M
Total 30-Yr Repayment
$4.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Rains County to issue $3,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RAINS COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.