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Proposition APORT ARANSAS ISD (Nueces County)
PASSEDPORT ARANSAS ISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 PORT ARANSAS ISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 72 (60.0%)AGAINST: 48 (40.0%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$4.1M
Total 30-Yr Repayment
$6.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes PORT ARANSAS ISD to issue $4,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PORT ARANSAS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.