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Proposition ABORGER ISD (Hutchinson County)
PASSEDBORGER ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 BORGER ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 179 (51.0%)AGAINST: 172 (49.0%)
Total Ballots Cast on Proposition: 351
Authorized Bond Debt
$7.5M
Total 30-Yr Repayment
$11.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes BORGER ISD to issue $7,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR BORGER ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.