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Proposition AMONTGOMERY ISD (Montgomery County)
PASSEDMONTGOMERY ISD 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 MONTGOMERY ISD Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 852 (56.0%)AGAINST: 669 (44.0%)
Total Ballots Cast on Proposition: 1,521
Authorized Bond Debt
$36.4M
Total 30-Yr Repayment
$55.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MONTGOMERY ISD to issue $36,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $36,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MONTGOMERY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.