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Proposition ABELLS ISD (Grayson County)
PASSEDBELLS ISD 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 BELLS ISD Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 98 (50.8%)AGAINST: 95 (49.2%)
Total Ballots Cast on Proposition: 193
Authorized Bond Debt
$2.5M
Total 30-Yr Repayment
$3.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes BELLS ISD to issue $2,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR BELLS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.