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Proposition ASAN MARCOS CISD (Hays County)
PASSEDSAN MARCOS CISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 SAN MARCOS CISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 859 (50.0%)AGAINST: 858 (50.0%)
Total Ballots Cast on Proposition: 1,717
Authorized Bond Debt
$34.2M
Total 30-Yr Repayment
$52.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SAN MARCOS CISD to issue $34,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $34,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SAN MARCOS CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.