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Proposition ARiverbend Water resources District (Bowie County)
PASSEDRiverbend Water resources District 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 Riverbend Water resources District Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 11,374 (59.0%)AGAINST: 7,904 (41.0%)
Total Ballots Cast on Proposition: 19,278
Authorized Bond Debt
$2.9M
Total 30-Yr Repayment
$4.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Riverbend Water resources District to issue $2,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RIVERBEND WATER RESOURCES DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.