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Proposition AMADISONVILLE CISD (Madison County)
PASSEDMADISONVILLE CISD 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 MADISONVILLE CISD Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 120 (50.2%)AGAINST: 119 (49.8%)
Total Ballots Cast on Proposition: 239
Authorized Bond Debt
$4.5M
Total 30-Yr Repayment
$6.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MADISONVILLE CISD to issue $4,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MADISONVILLE CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.