Montgomery County Municipal Utility District #119 2017 Capital Infrastructure & Facility Improvement Bond Proposition

May 2017 Montgomery County Municipal Utility District #119 Uniform General & Special Election • Canvassed on 2017-05-06

Official Certified Canvass Outcome

FOR: 221 (59.1%)AGAINST: 153 (40.9%)

Total Ballots Cast on Proposition: 374

Authorized Bond Debt

$3.2M

Total 30-Yr Repayment

$4.9M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Montgomery County Municipal Utility District #119 to issue $3,200,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $3,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MONTGOMERY COUNTY MUNICIPAL UTILITY DISTRICT #119, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF