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Proposition ASabine River Authority of Texas (Orange County)
FAILEDSabine River Authority of Texas 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 Sabine River Authority of Texas Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 188 (46.1%)AGAINST: 220 (53.9%)
Total Ballots Cast on Proposition: 408
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 Sabine River Authority of Texas 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 SABINE RIVER AUTHORITY OF TEXAS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.