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Proposition AFARMERSVILLE ISD (Collin County)
PASSEDFARMERSVILLE ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 FARMERSVILLE ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 180 (58.1%)AGAINST: 130 (41.9%)
Total Ballots Cast on Proposition: 310
Authorized Bond Debt
$8.1M
Total 30-Yr Repayment
$12.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes FARMERSVILLE ISD to issue $8,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $8,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FARMERSVILLE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.