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Proposition AGILMER ISD (Upshur County)
PASSEDGILMER ISD 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 GILMER ISD Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 242 (57.9%)AGAINST: 176 (42.1%)
Total Ballots Cast on Proposition: 418
Authorized Bond Debt
$5.6M
Total 30-Yr Repayment
$8.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GILMER ISD to issue $5,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GILMER ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.