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Proposition AELGIN ISD (Bastrop County)
FAILEDELGIN ISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 ELGIN ISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 644 (49.0%)AGAINST: 670 (51.0%)
Total Ballots Cast on Proposition: 1,314
Authorized Bond Debt
$12.2M
Total 30-Yr Repayment
$18.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes ELGIN ISD to issue $12,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $12,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR ELGIN ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.