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Proposition AMidway ISDb (McLennan County)
PASSEDMidway ISDb 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 Midway ISDb Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 171 (59.2%)AGAINST: 118 (40.8%)
Total Ballots Cast on Proposition: 289
Authorized Bond Debt
$23.1M
Total 30-Yr Repayment
$35.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Midway ISDb to issue $23,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $23,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MIDWAY ISDB, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.