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Proposition ARIO HONDO ISD (Cameron County)
PASSEDRIO HONDO ISD 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 RIO HONDO ISD Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 145 (54.1%)AGAINST: 123 (45.9%)
Total Ballots Cast on Proposition: 268
Authorized Bond Debt
$5.8M
Total 30-Yr Repayment
$8.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes RIO HONDO ISD to issue $5,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RIO HONDO ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.