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Proposition AMINERAL WELLS ISD (Palo pinto County)
PASSEDMINERAL WELLS ISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 MINERAL WELLS ISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 170 (55.0%)AGAINST: 139 (45.0%)
Total Ballots Cast on Proposition: 309
Authorized Bond Debt
$11.9M
Total 30-Yr Repayment
$18.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MINERAL WELLS ISD to issue $11,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $11,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MINERAL WELLS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.