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Proposition AJIM NED CISD (Taylor County)
PASSEDJIM NED CISD 2011 Capital Infrastructure & Facility Improvement Bond Proposition
May 2011 JIM NED CISD Uniform General & Special Election • Canvassed on 2011-05-07
Official Certified Canvass Outcome
FOR: 112 (56.0%)AGAINST: 88 (44.0%)
Total Ballots Cast on Proposition: 200
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 JIM NED CISD 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 JIM NED CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.