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Proposition ASOMERSET ISD (Bexar County)
PASSEDSOMERSET ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 SOMERSET ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 422 (55.0%)AGAINST: 345 (45.0%)
Total Ballots Cast on Proposition: 767
Authorized Bond Debt
$12.0M
Total 30-Yr Repayment
$18.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SOMERSET ISD to issue $12,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $12,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SOMERSET ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.