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Proposition ACity of La Porte (Harris County)
FAILEDCity of La Porte 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 City of La Porte Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 3,725 (48.0%)AGAINST: 4,036 (52.0%)
Total Ballots Cast on Proposition: 7,761
Authorized Bond Debt
$20.0M
Total 30-Yr Repayment
$30.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of La Porte to issue $20,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $20,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF LA PORTE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.