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Proposition AMADISONVILLE CISD (Madison County)
FAILEDMADISONVILLE CISD 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 MADISONVILLE CISD Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 211 (49.1%)AGAINST: 219 (50.9%)
Total Ballots Cast on Proposition: 430
Authorized Bond Debt
$5.0M
Total 30-Yr Repayment
$7.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MADISONVILLE CISD to issue $5,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MADISONVILLE CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.