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Proposition ANEW CANEY ISD (Montgomery County)
FAILEDNEW CANEY ISD 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 NEW CANEY ISD Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 1,990 (48.0%)AGAINST: 2,155 (52.0%)
Total Ballots Cast on Proposition: 4,145
Authorized Bond Debt
$54.5M
Total 30-Yr Repayment
$82.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NEW CANEY ISD to issue $54,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $54,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NEW CANEY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.