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Proposition ASOUTH TEXAS ISD (Cameron County)
FAILEDSOUTH TEXAS ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 SOUTH TEXAS ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 480 (48.0%)AGAINST: 519 (52.0%)
Total Ballots Cast on Proposition: 999
Authorized Bond Debt
$32.9M
Total 30-Yr Repayment
$50.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SOUTH TEXAS ISD to issue $32,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $32,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SOUTH TEXAS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.