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PASSED
Lower Neches Soil and Water Conservation District #437 2019 Capital Infrastructure & Facility Improvement Bond Proposition
May 2019 Lower Neches Soil and Water Conservation District #437 Uniform General & Special Election • Canvassed on 2019-05-04
Official Certified Canvass Outcome
FOR: 306 (58.1%)AGAINST: 221 (41.9%)
Total Ballots Cast on Proposition: 527
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 Lower Neches Soil and Water Conservation District #437 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 LOWER NECHES SOIL AND WATER CONSERVATION DISTRICT #437, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.