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Proposition ACity of Piney Point Village (Harris County)
PASSEDCity of Piney Point Village 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of Piney Point Village Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 322 (57.9%)AGAINST: 234 (42.1%)
Total Ballots Cast on Proposition: 556
Authorized Bond Debt
$3.1M
Total 30-Yr Repayment
$4.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Piney Point Village to issue $3,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PINEY POINT VILLAGE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.