Port Isabel San Benito Navigation District 2018 Capital Infrastructure & Facility Improvement Bond Proposition

May 2018 Port Isabel San Benito Navigation District Uniform General & Special Election • Canvassed on 2018-05-05

Official Certified Canvass Outcome

FOR: 175 (49.0%)AGAINST: 182 (51.0%)

Total Ballots Cast on Proposition: 357

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 Port Isabel San Benito Navigation District 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 PORT ISABEL SAN BENITO NAVIGATION DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF