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Proposition APINE TREE ISD (Gregg County)
PASSEDPINE TREE ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 PINE TREE ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 441 (54.0%)AGAINST: 375 (46.0%)
Total Ballots Cast on Proposition: 816
Authorized Bond Debt
$15.6M
Total 30-Yr Repayment
$23.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes PINE TREE ISD to issue $15,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $15,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PINE TREE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.