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Proposition AGREAT HEARTS TEXAS (Bexar County)
FAILEDGREAT HEARTS TEXAS 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 GREAT HEARTS TEXAS Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 702 (49.0%)AGAINST: 730 (51.0%)
Total Ballots Cast on Proposition: 1,432
Authorized Bond Debt
$43.5M
Total 30-Yr Repayment
$66.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GREAT HEARTS TEXAS to issue $43,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $43,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GREAT HEARTS TEXAS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.