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Proposition AIOLA ISD (Grimes County)
FAILEDIOLA ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 IOLA ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 55 (45.8%)AGAINST: 65 (54.2%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$2.3M
Total 30-Yr Repayment
$3.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes IOLA ISD to issue $2,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR IOLA ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.