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Proposition APETROLIA CISD (Clay County)
PASSEDPETROLIA CISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 PETROLIA CISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 74 (61.7%)AGAINST: 46 (38.3%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$2.7M
Total 30-Yr Repayment
$4.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes PETROLIA CISD to issue $2,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PETROLIA CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.