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Proposition APALESTINE ISD (Anderson County)
FAILEDPALESTINE ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 PALESTINE ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 305 (45.9%)AGAINST: 359 (54.1%)
Total Ballots Cast on Proposition: 664
Authorized Bond Debt
$11.3M
Total 30-Yr Repayment
$17.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes PALESTINE ISD to issue $11,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $11,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PALESTINE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.