Midland County Fresh Water Supply District #1 2019 Capital Infrastructure & Facility Improvement Bond Proposition

May 2019 Midland County Fresh Water Supply District #1 Uniform General & Special Election • Canvassed on 2019-05-04

Official Certified Canvass Outcome

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

Total Ballots Cast on Proposition: 357

Authorized Bond Debt

$6.1M

Total 30-Yr Repayment

$9.3M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Midland County Fresh Water Supply District #1 to issue $6,100,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $6,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MIDLAND COUNTY FRESH WATER SUPPLY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF