Galveston County Municipal Utility District No. 59 2005 Capital Infrastructure & Facility Improvement Bond Proposition

May 2005 Galveston County Municipal Utility District No. 59 Uniform General & Special Election • Canvassed on 2005-05-07

Official Certified Canvass Outcome

FOR: 200 (61.9%)AGAINST: 123 (38.1%)

Total Ballots Cast on Proposition: 323

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 Galveston County Municipal Utility District No. 59 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 GALVESTON COUNTY MUNICIPAL UTILITY DISTRICT NO. 59, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF