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Proposition AQUITMAN ISD (Wood County)
PASSEDQUITMAN ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 QUITMAN ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 95 (57.2%)AGAINST: 71 (42.8%)
Total Ballots Cast on Proposition: 166
Authorized Bond Debt
$4.8M
Total 30-Yr Repayment
$7.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes QUITMAN ISD to issue $4,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR QUITMAN ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.