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Proposition AGAINESVILLE ISD (Cooke County)
PASSEDGAINESVILLE ISD 2019 Capital Infrastructure & Facility Improvement Bond Proposition
May 2019 GAINESVILLE ISD Uniform General & Special Election • Canvassed on 2019-05-04
Official Certified Canvass Outcome
FOR: 310 (53.1%)AGAINST: 274 (46.9%)
Total Ballots Cast on Proposition: 584
Authorized Bond Debt
$12.5M
Total 30-Yr Repayment
$19.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GAINESVILLE ISD to issue $12,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $12,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GAINESVILLE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.