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Proposition ACHAPEL HILL ISD (Smith County)
FAILEDCHAPEL HILL ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 CHAPEL HILL ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 329 (49.0%)AGAINST: 343 (51.0%)
Total Ballots Cast on Proposition: 672
Authorized Bond Debt
$10.5M
Total 30-Yr Repayment
$16.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes CHAPEL HILL ISD to issue $10,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $10,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CHAPEL HILL ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.