Back to Propositions Search
Proposition AFARMERSVILLE ISD (Collin County)
PASSEDFARMERSVILLE ISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 FARMERSVILLE ISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 142 (58.9%)AGAINST: 99 (41.1%)
Total Ballots Cast on Proposition: 241
Authorized Bond Debt
$10.8M
Total 30-Yr Repayment
$16.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes FARMERSVILLE ISD to issue $10,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $10,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FARMERSVILLE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.