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Proposition AIDEA PUBLIC SCHOOLS (Hidalgo County)
FAILEDIDEA PUBLIC SCHOOLS 2022 Capital Infrastructure & Facility Improvement Bond Proposition
May 2022 IDEA PUBLIC SCHOOLS Uniform General & Special Election • Canvassed on 2022-05-07
Official Certified Canvass Outcome
FOR: 7,275 (48.0%)AGAINST: 7,882 (52.0%)
Total Ballots Cast on Proposition: 15,157
Authorized Bond Debt
$250.0M
Total 30-Yr Repayment
$380.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes IDEA PUBLIC SCHOOLS to issue $250,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $250,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR IDEA PUBLIC SCHOOLS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.