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Proposition ACity of Corpus Christi (Nueces County)
PASSEDCity of Corpus Christi 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Corpus Christi Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 33,757 (56.0%)AGAINST: 26,523 (44.0%)
Total Ballots Cast on Proposition: 60,280
Authorized Bond Debt
$119.8M
Total 30-Yr Repayment
$182.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Corpus Christi to issue $119,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $119,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF CORPUS CHRISTI, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.