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Proposition ANEW CANEY ISD (Montgomery County)
PASSEDNEW CANEY ISD 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 NEW CANEY ISD Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 1,499 (59.0%)AGAINST: 1,042 (41.0%)
Total Ballots Cast on Proposition: 2,541
Authorized Bond Debt
$75.8M
Total 30-Yr Repayment
$115.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NEW CANEY ISD to issue $75,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $75,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NEW CANEY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.