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Proposition ACity of Port Isabel (Cameron County)
PASSEDCity of Port Isabel 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 City of Port Isabel Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 276 (52.0%)AGAINST: 255 (48.0%)
Total Ballots Cast on Proposition: 531
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 City of Port Isabel 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 CITY OF PORT ISABEL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.