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Proposition AVICTORIA ISD (Victoria County)
FAILEDVICTORIA ISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 VICTORIA ISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 846 (47.0%)AGAINST: 955 (53.0%)
Total Ballots Cast on Proposition: 1,801
Authorized Bond Debt
$40.4M
Total 30-Yr Repayment
$61.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes VICTORIA ISD to issue $40,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $40,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR VICTORIA ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.