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Proposition AMCKINNEY ISD (Collin County)
FAILEDMCKINNEY ISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 MCKINNEY ISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 2,132 (47.0%)AGAINST: 2,404 (53.0%)
Total Ballots Cast on Proposition: 4,536
Authorized Bond Debt
$51.0M
Total 30-Yr Repayment
$77.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MCKINNEY ISD to issue $51,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $51,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MCKINNEY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.