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PASSED
Chambers County Improvement District No. 2 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 Chambers County Improvement District No. 2 Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 286 (58.0%)AGAINST: 207 (42.0%)
Total Ballots Cast on Proposition: 493
Authorized Bond Debt
$1.6M
Total 30-Yr Repayment
$2.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Chambers County Improvement District No. 2 to issue $1,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CHAMBERS COUNTY IMPROVEMENT DISTRICT NO. 2, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.