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Proposition ARAINS ISD (Rains County)
FAILEDRAINS ISD 2006 Capital Infrastructure & Facility Improvement Bond Proposition
May 2006 RAINS ISD Uniform General & Special Election • Canvassed on 2006-05-06
Official Certified Canvass Outcome
FOR: 95 (49.2%)AGAINST: 98 (50.8%)
Total Ballots Cast on Proposition: 193
Authorized Bond Debt
$3.7M
Total 30-Yr Repayment
$5.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes RAINS ISD to issue $3,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RAINS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.