Back to Propositions Search
Proposition AGAINESVILLE ISD (Cooke County)
FAILEDGAINESVILLE ISD 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 GAINESVILLE ISD Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 284 (47.0%)AGAINST: 320 (53.0%)
Total Ballots Cast on Proposition: 604
Authorized Bond Debt
$7.5M
Total 30-Yr Repayment
$11.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GAINESVILLE ISD to issue $7,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GAINESVILLE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.