Back to Propositions Search
FAILED
Richey Road Municipal Utility District 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 Richey Road Municipal Utility District Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 221 (50.0%)AGAINST: 221 (50.0%)
Total Ballots Cast on Proposition: 442
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Richey Road Municipal Utility District to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RICHEY ROAD MUNICIPAL UTILITY DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.