Washoe County, Nevada, WC-1, Bond Issue (November 2018)
| WC-1: Washoe County Bond Issue |
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| The basics |
| Election date: |
| November 6, 2018 |
| Status: |
| Topic: |
| County bonds |
| Related articles |
| County bonds on the ballot November 6, 2018 ballot measures in Nevada Washoe County, Nevada ballot measures |
| See also |
| Washoe County, Nevada |
A bond issue was on the ballot for Washoe County voters in Washoe County, Nevada, on November 6, 2018. It was defeated.
| A yes vote was a vote in favor of allowing the county to issue up to $89,000,000 in bonds at an increased tax rate of $0.0248 per $100 of assessed valuation for improved flood protection. |
| A no vote was a vote against allowing the county to issue up to $89,000,000 in bonds at an increased tax rate of $0.0248 per $100 of assessed valuation for improved flood protection. |
Election results
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Washoe County WC-1 |
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| Result | Votes | Percentage | ||
| Yes | 56,978 | 31.40% | ||
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124,468 | 68.60% | ||
Text of measure
Ballot question
The ballot question was as follows:[1]
| “ |
Shall Washoe County be authorized to levy an additional property tax rate for the purpose of paying for the cost of designing, acquiring, constructing, improving and equipping a flood protection project by the Truckee River Flood Management Authority for the Truckee River in the amount of $0.0248 per $100 of assess valuation and for the Truckee River Flood Management Authority to issue up to $89,000,000 of general obligation bonds for those purposes? The bonds are expected to require a property tax levy of 30 years for each series of bonds from the dates of issuance. The tax will terminate when these bonds have been retired in approximately 30 years from the dates they are issued. The cost of the $0.0248 property tax levy for the owner of a new $100,000 home is estimated to average $8.68 per year. If this question is approved by the voters, any property tax as authorized by this question will be outside of the caps on the taxpayer’s liability for property (ad valorem) taxes established by the legislature in the 2005 session and exempt from partial abatement from taxation as provided by NRS 361.4722, 361.4723 and 361.4724. [2] |
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Full text
The full text of the measure is available here.
Path to the ballot
This measure was put on the ballot through a vote of the governing officials of Washoe County, Nevada.
See also
External links
Footnotes
- ↑ Washoe County website, "WC-1," accessed October 31, 2018
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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