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Proposition AMABANK ISD (Kaufman County)
PASSEDMABANK ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 MABANK ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 311 (53.1%)AGAINST: 275 (46.9%)
Total Ballots Cast on Proposition: 586
Authorized Bond Debt
$14.2M
Total 30-Yr Repayment
$21.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MABANK ISD to issue $14,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $14,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MABANK ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.