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Proposition AMARSHALL ISD (Harrison County)
PASSEDMARSHALL ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 MARSHALL ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 379 (61.9%)AGAINST: 233 (38.1%)
Total Ballots Cast on Proposition: 612
Authorized Bond Debt
$16.1M
Total 30-Yr Repayment
$24.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MARSHALL ISD to issue $16,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $16,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MARSHALL ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.