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Proposition AMOUNT VERNON ISD (Franklin County)
PASSEDMOUNT VERNON ISD 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 MOUNT VERNON ISD Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 132 (58.1%)AGAINST: 95 (41.9%)
Total Ballots Cast on Proposition: 227
Authorized Bond Debt
$5.8M
Total 30-Yr Repayment
$8.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MOUNT VERNON ISD to issue $5,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MOUNT VERNON ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.