Back to Propositions Search
Proposition AGALVESTON ISD (Galveston County)
FAILEDGALVESTON ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 GALVESTON ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 397 (46.1%)AGAINST: 465 (53.9%)
Total Ballots Cast on Proposition: 862
Authorized Bond Debt
$20.7M
Total 30-Yr Repayment
$31.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GALVESTON ISD to issue $20,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $20,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GALVESTON ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.