Grimes County 2008 Capital Infrastructure & Facility Improvement Bond Proposition

November 2008 Grimes County General & Special Election • Canvassed on 2008-11-04

Official Certified Canvass Outcome

FOR: 2,830 (49.0%)AGAINST: 2,946 (51.0%)

Total Ballots Cast on Proposition: 5,776

Authorized Bond Debt

$7.2M

Total 30-Yr Repayment

$10.9M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Grimes County to issue $7,200,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $7,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GRIMES COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF