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Proposition AFRANKLIN ISD (Robertson County)
FAILEDFRANKLIN ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 FRANKLIN ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 136 (47.9%)AGAINST: 148 (52.1%)
Total Ballots Cast on Proposition: 284
Authorized Bond Debt
$6.1M
Total 30-Yr Repayment
$9.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes FRANKLIN ISD to issue $6,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FRANKLIN ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.