Back to Propositions Search
FAILED
Prairie Ridge Municipal Management District 1B 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 Prairie Ridge Municipal Management District 1B Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 133 (46.0%)AGAINST: 156 (54.0%)
Total Ballots Cast on Proposition: 289
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 Prairie Ridge Municipal Management District 1B 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 PRAIRIE RIDGE MUNICIPAL MANAGEMENT DISTRICT 1B, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.