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Proposition ACity of Port Isabel (Cameron County)
PASSEDCity of Port Isabel 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 City of Port Isabel Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 505 (57.0%)AGAINST: 381 (43.0%)
Total Ballots Cast on Proposition: 886
Authorized Bond Debt
$2.8M
Total 30-Yr Repayment
$4.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Port Isabel to issue $2,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PORT ISABEL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.