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Proposition ACOMMERCE ISD (Hunt County)
PASSEDCOMMERCE ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 COMMERCE ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 175 (59.9%)AGAINST: 117 (40.1%)
Total Ballots Cast on Proposition: 292
Authorized Bond Debt
$6.6M
Total 30-Yr Repayment
$10.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes COMMERCE ISD to issue $6,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR COMMERCE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.