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Proposition AMCKINNEY ISD (Collin County)
PASSEDMCKINNEY ISD 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 MCKINNEY ISD Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 1,724 (56.0%)AGAINST: 1,354 (44.0%)
Total Ballots Cast on Proposition: 3,078
Authorized Bond Debt
$57.9M
Total 30-Yr Repayment
$88.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MCKINNEY ISD to issue $57,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $57,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MCKINNEY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.