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Proposition APOTTSBORO ISD (Grayson County)
PASSEDPOTTSBORO ISD 2019 Capital Infrastructure & Facility Improvement Bond Proposition
May 2019 POTTSBORO ISD Uniform General & Special Election • Canvassed on 2019-05-04
Official Certified Canvass Outcome
FOR: 156 (56.1%)AGAINST: 122 (43.9%)
Total Ballots Cast on Proposition: 278
Authorized Bond Debt
$6.6M
Total 30-Yr Repayment
$10.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes POTTSBORO ISD to issue $6,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR POTTSBORO ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.