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Proposition ATIMPSON ISD (Shelby County)
PASSEDTIMPSON ISD 2021 Capital Infrastructure & Facility Improvement Bond Proposition
May 2021 TIMPSON ISD Uniform General & Special Election • Canvassed on 2021-05-01
Official Certified Canvass Outcome
FOR: 79 (59.9%)AGAINST: 53 (40.1%)
Total Ballots Cast on Proposition: 132
Authorized Bond Debt
$4.0M
Total 30-Yr Repayment
$6.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes TIMPSON ISD to issue $4,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TIMPSON ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.