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Proposition AKIPP TEXAS PUBLIC SCHOOLS (Travis County)
FAILEDKIPP TEXAS PUBLIC SCHOOLS 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 KIPP TEXAS PUBLIC SCHOOLS Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 1,685 (49.0%)AGAINST: 1,754 (51.0%)
Total Ballots Cast on Proposition: 3,439
Authorized Bond Debt
$82.3M
Total 30-Yr Repayment
$125.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes KIPP TEXAS PUBLIC SCHOOLS to issue $82,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $82,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR KIPP TEXAS PUBLIC SCHOOLS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.