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Proposition ACedar Port Navigation & ID (Chambers County)
FAILEDCedar Port Navigation & ID 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 Cedar Port Navigation & ID Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 163 (47.9%)AGAINST: 177 (52.1%)
Total Ballots Cast on Proposition: 340
Authorized Bond Debt
$6.9M
Total 30-Yr Repayment
$10.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Cedar Port Navigation & ID to issue $6,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CEDAR PORT NAVIGATION & ID, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.