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Proposition ARiverbend Water resources District (Bowie County)
PASSEDRiverbend Water resources District 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 Riverbend Water resources District Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 16,506 (58.0%)AGAINST: 11,952 (42.0%)
Total Ballots Cast on Proposition: 28,458
Authorized Bond Debt
$4.1M
Total 30-Yr Repayment
$6.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Riverbend Water resources District to issue $4,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RIVERBEND WATER RESOURCES DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.