Harris County Flood Control District, Texas, Proposition A, Bond Election (August 2018)
| Proposition A: Harris County Flood Control District Bond Election |
|---|
|
| The basics |
| Election date: |
| August 25, 2018 |
| Status: |
 Approved
|
| Topic: |
| District bonds Tax: Unknown Matures in: Unknown |
| Related articles |
| District bonds on the ballot August 25, 2018 ballot measures in Texas Harris County, Texas ballot measures District tax on the ballot |
| See also |
A bond issue for flood control projects was on the ballot for Harris County Flood Control District voters in Harris County, Texas, on August 25, 2018. It was approved.
| A yes vote was a vote in favor of authorizing the county to issue bonds not to exceed $2.5 billion for the purposes of financing flood control projects for the district, and other storm water and drainage systems in the league, as well as authorizing the county to levy a tax to pay the interest on the bonds. |
| A no vote was a vote against authorizing the county to issue bonds not to exceed $2.5 billion for the purposes of financing flood control projects for the district, and other storm water and drainage systems in the league, as well as authorizing the county to levy a tax to pay the interest on the bonds. |
Harris County senior director of budget and finance Frank Bruce stated that under the bonds the property tax in the district could increase one-third of a cent per $100 valuation in 2020 and by three cents in 2035. The bond measure was designed to include $1 billion in matching funds that would allow the district to receive an additional $3 billion from the federal government.[1]
The bond issue was proposed after Hurricane Harvey caused extensive flooding in the Houston area in 2017.[2]
Election results
|
Harris County Proposition A |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
130,416 | 85.66% | ||
| No | 21,831 | 14.34% | ||
-
- Results are officially certified.
- Source
Text of measure
Ballot question
The ballot question was as follows:[3]
| “ |
Shall the commissioners court of Harris County, Texas, acting in its capacity as the governing body of the Harris County Flood Control District, be authorized to issue, in one or more series, bonds of such district in an aggregate principal amount not to exceed $2,500,000,000.00 bearing interest at a rate or rates not exceeding the maximum interest rate now or hereafter authorized by law, as shall be determined within discretion of such commissioners court at the time of issuance, and maturing serially or otherwise at such times as may be fixed by such commissioners court not to exceed 30 years from their date or dates, for the purposes of financing flood control projects for the district, including purchasing lands, easements, rights-of-way and structures, and for the acquisition and construction of improvements, including detention basins, channel modifications and other works suitable for use in connection with flood damage reduction, of and on behalf of the Harris County Flood Control District, including but not limited to all costs associated with improvements to hold or convey storm water, including wetlands mitigation, and all additions to such systems and all works, improvements, facilities, interests in property, and contract rights necessary or convenient or in the aid thereof, for such district or in cooperation or by contract with the United States of America or any agency thereof, the state of Texas or any agency thereof, the city of Houston, any other municipality or political subdivision within Harris County, or any county adjacent to Harris County or any municipality or political subdivision within such a county, and annually to levy, to the full extent authorized by the constitution and the laws of the state of Texas, an ad valorem tax of the district upon all taxable property within such district sufficient to pay the interest on such bonds and to create and provide a sinking fund for the redemption of said bonds at maturity?[4] |
” |
Full text
The full text of the measure is available here.
Path to the ballot
This measure was put on the ballot through a unanimous vote of the Harris County Commissioners Court on June 12, 2018.[5]
See also
|
|
External links
Footnotes
- ↑ Community Impact, "GUIDE: How would Harris County’s proposed $2.5 billion bond referendum affect property tax bills?" August 2, 2018
- ↑ CNN, "Hurricane Harvey Aftermath," accessed August 3, 2018
- ↑ Harris County Flood Control District, "Flood Control District Bond Election," accessed July 18th, 2018
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Harris County Flood Control District, "Adoption of order," accessed August 3, 2018
