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Proposition APORT NECHES-GROVES ISD (Jefferson County)
PASSEDPORT NECHES-GROVES ISD 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 PORT NECHES-GROVES ISD Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 498 (51.0%)AGAINST: 479 (49.0%)
Total Ballots Cast on Proposition: 977
Authorized Bond Debt
$11.3M
Total 30-Yr Repayment
$17.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes PORT NECHES-GROVES ISD to issue $11,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $11,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PORT NECHES-GROVES ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.