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Proposition AKRUM ISD (Denton County)
PASSEDKRUM ISD 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 KRUM ISD Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 309 (62.9%)AGAINST: 182 (37.1%)
Total Ballots Cast on Proposition: 491
Authorized Bond Debt
$11.4M
Total 30-Yr Repayment
$17.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes KRUM ISD to issue $11,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $11,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR KRUM ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.