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Proposition AGIDDINGS ISD (Lee County)
FAILEDGIDDINGS ISD 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 GIDDINGS ISD Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 183 (47.9%)AGAINST: 199 (52.1%)
Total Ballots Cast on Proposition: 382
Authorized Bond Debt
$6.2M
Total 30-Yr Repayment
$9.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GIDDINGS ISD to issue $6,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GIDDINGS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.