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Proposition ALA VERNIA ISD (Wilson County)
PASSEDLA VERNIA ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 LA VERNIA ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 272 (63.1%)AGAINST: 159 (36.9%)
Total Ballots Cast on Proposition: 431
Authorized Bond Debt
$11.2M
Total 30-Yr Repayment
$17.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LA VERNIA ISD to issue $11,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $11,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LA VERNIA ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.