Corpus Christi Regional Transportation Authority 2014 Capital Infrastructure & Facility Improvement Bond Proposition

May 2014 Corpus Christi Regional Transportation Authority Uniform General & Special Election • Canvassed on 2014-05-03

Official Certified Canvass Outcome

FOR: 48,702 (54.0%)AGAINST: 41,487 (46.0%)

Total Ballots Cast on Proposition: 90,189

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 Corpus Christi Regional Transportation Authority 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 CORPUS CHRISTI REGIONAL TRANSPORTATION AUTHORITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF