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Proposition ACity of Midland (Midland County)
PASSEDCity of Midland 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 City of Midland Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 16,629 (57.0%)AGAINST: 12,545 (43.0%)
Total Ballots Cast on Proposition: 29,174
Authorized Bond Debt
$72.9M
Total 30-Yr Repayment
$110.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Midland to issue $72,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $72,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MIDLAND, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.