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Proposition ASCHERTZ-CIBOLO-U CITY ISD (Guadalupe County)
FAILEDSCHERTZ-CIBOLO-U CITY ISD 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 SCHERTZ-CIBOLO-U CITY ISD Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 1,110 (48.0%)AGAINST: 1,203 (52.0%)
Total Ballots Cast on Proposition: 2,313
Authorized Bond Debt
$36.8M
Total 30-Yr Repayment
$55.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SCHERTZ-CIBOLO-U CITY ISD to issue $36,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $36,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SCHERTZ-CIBOLO-U CITY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.