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Proposition AMidland County JCD (Midland County)
FAILEDMidland County JCD 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 Midland County JCD Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 8,528 (46.0%)AGAINST: 10,012 (54.0%)
Total Ballots Cast on Proposition: 18,540
Authorized Bond Debt
$17.0M
Total 30-Yr Repayment
$25.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Midland County JCD to issue $17,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $17,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MIDLAND COUNTY JCD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.