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PASSED
McKinney Municipal Utility District #1 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 McKinney Municipal Utility District #1 Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 251 (50.9%)AGAINST: 242 (49.1%)
Total Ballots Cast on Proposition: 493
Authorized Bond Debt
$2.8M
Total 30-Yr Repayment
$4.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes McKinney Municipal Utility District #1 to issue $2,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MCKINNEY MUNICIPAL UTILITY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.