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Proposition AHidalgo County Drainage District #1 (Hidalgo County)
FAILEDHidalgo County Drainage District #1 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 Hidalgo County Drainage District #1 Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 119 (50.0%)AGAINST: 119 (50.0%)
Total Ballots Cast on Proposition: 238
Authorized Bond Debt
$18.2M
Total 30-Yr Repayment
$27.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Hidalgo County Drainage District #1 to issue $18,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $18,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR HIDALGO COUNTY DRAINAGE DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.