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Proposition AMADISONVILLE CISD (Madison County)
PASSEDMADISONVILLE CISD 2006 Capital Infrastructure & Facility Improvement Bond Proposition
May 2006 MADISONVILLE CISD Uniform General & Special Election • Canvassed on 2006-05-06
Official Certified Canvass Outcome
FOR: 148 (58.0%)AGAINST: 107 (42.0%)
Total Ballots Cast on Proposition: 255
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 MADISONVILLE CISD 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 MADISONVILLE CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.