Panola County 2019 Capital Infrastructure & Facility Improvement Bond Proposition

November 2019 Panola County General & Special Election • Canvassed on 2019-11-05

Official Certified Canvass Outcome

FOR: 1,201 (49.0%)AGAINST: 1,251 (51.0%)

Total Ballots Cast on Proposition: 2,452

Authorized Bond Debt

$11.4M

Total 30-Yr Repayment

$17.3M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Panola County to issue $11,400,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $11,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PANOLA COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF