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Proposition APOTTSBORO ISD (Grayson County)
FAILEDPOTTSBORO ISD 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 POTTSBORO ISD Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 78 (46.7%)AGAINST: 89 (53.3%)
Total Ballots Cast on Proposition: 167
Authorized Bond Debt
$4.3M
Total 30-Yr Repayment
$6.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes POTTSBORO ISD to issue $4,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR POTTSBORO ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.