Panola County 2018 Capital Infrastructure & Facility Improvement Bond Proposition

November 2018 Panola County General & Special Election • Canvassed on 2018-11-06

Official Certified Canvass Outcome

FOR: 3,090 (63.0%)AGAINST: 1,815 (37.0%)

Total Ballots Cast on Proposition: 4,905

Authorized Bond Debt

$11.1M

Total 30-Yr Repayment

$16.9M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Panola County to issue $11,100,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $11,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PANOLA COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF