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Proposition ASpring Creek Utility District (Montgomery County)
PASSEDSpring Creek Utility District 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 Spring Creek Utility District Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 225 (52.9%)AGAINST: 200 (47.1%)
Total Ballots Cast on Proposition: 425
Authorized Bond Debt
$2.4M
Total 30-Yr Repayment
$3.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Spring Creek Utility District to issue $2,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SPRING CREEK UTILITY DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.