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Proposition AFERRIS ISD (Ellis County)
PASSEDFERRIS ISD 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 FERRIS ISD Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 226 (52.0%)AGAINST: 209 (48.0%)
Total Ballots Cast on Proposition: 435
Authorized Bond Debt
$10.5M
Total 30-Yr Repayment
$16.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes FERRIS ISD to issue $10,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $10,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FERRIS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.