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FAILED
Corpus Christi Regional Transportation Authority 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 Corpus Christi Regional Transportation Authority Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 20,074 (46.0%)AGAINST: 23,566 (54.0%)
Total Ballots Cast on Proposition: 43,640
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 Corpus Christi Regional Transportation Authority 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 CORPUS CHRISTI REGIONAL TRANSPORTATION AUTHORITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.