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Proposition ARED OAK ISD (Ellis County)
PASSEDRED OAK ISD 2019 Capital Infrastructure & Facility Improvement Bond Proposition
May 2019 RED OAK ISD Uniform General & Special Election • Canvassed on 2019-05-04
Official Certified Canvass Outcome
FOR: 608 (59.0%)AGAINST: 423 (41.0%)
Total Ballots Cast on Proposition: 1,031
Authorized Bond Debt
$28.2M
Total 30-Yr Repayment
$42.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes RED OAK ISD to issue $28,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $28,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RED OAK ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.