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Proposition ASOCORRO ISD (El paso County)
PASSEDSOCORRO ISD 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 SOCORRO ISD Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 5,341 (59.0%)AGAINST: 3,712 (41.0%)
Total Ballots Cast on Proposition: 9,053
Authorized Bond Debt
$97.6M
Total 30-Yr Repayment
$148.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SOCORRO ISD to issue $97,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $97,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SOCORRO ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.