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Proposition AMCALLEN ISD (Hidalgo County)
FAILEDMCALLEN ISD 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 MCALLEN ISD Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 1,641 (46.0%)AGAINST: 1,927 (54.0%)
Total Ballots Cast on Proposition: 3,568
Authorized Bond Debt
$63.6M
Total 30-Yr Repayment
$96.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MCALLEN ISD to issue $63,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $63,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MCALLEN ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.