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TexasTowelie

(112,128 posts)
Wed Nov 4, 2015, 03:54 AM Nov 2015

$399 million in bonds on ballot didn't pass because nobody voted!

While $399 million worth of bonds were on the ballot for the Alpha Ranch Water Control and Improvement District No. 1 of Denton and Wise counties, no one showed up to vote.

Six propositions asked the voters — or voter — to approve issuing bonds for utilities and roads, forming a road district and taking over sewer powers. All failed without a single vote.

The district is located in the far southwest corner of Denton County, west of Fort Worth city limits.

Districts like these are governmental entities that developers often use to finance infrastructure for residential and commercial development. Other Denton County special districts with elections Tuesday each had just one to three voters who approved a total of $634.6 million of proposed bonds.

Read more: http://www.dentonrc.com/local-news/local-news-headlines/20151103-one-election-no-voters.ece

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