Back to Propositions Search
Proposition AMERCEDES ISD (Hidalgo County)
PASSEDMERCEDES ISD 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 MERCEDES ISD Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 450 (60.0%)AGAINST: 300 (40.0%)
Total Ballots Cast on Proposition: 750
Authorized Bond Debt
$9.6M
Total 30-Yr Repayment
$14.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MERCEDES ISD to issue $9,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $9,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MERCEDES ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.