Midland County 2002 Capital Infrastructure & Facility Improvement Bond Proposition

November 2002 Midland County General & Special Election • Canvassed on 2002-11-05

Official Certified Canvass Outcome

FOR: 15,292 (57.0%)AGAINST: 11,536 (43.0%)

Total Ballots Cast on Proposition: 26,828

Authorized Bond Debt

$34.5M

Total 30-Yr Repayment

$52.4M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Midland County to issue $34,500,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $34,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MIDLAND COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF