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Proposition AGRAPELAND ISD (Houston County)
PASSEDGRAPELAND ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 GRAPELAND ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 77 (60.6%)AGAINST: 50 (39.4%)
Total Ballots Cast on Proposition: 127
Authorized Bond Debt
$2.0M
Total 30-Yr Repayment
$3.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GRAPELAND ISD to issue $2,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GRAPELAND ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.