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Proposition ASTANTON ISD (Martin County)
PASSEDSTANTON ISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 STANTON ISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 81 (61.8%)AGAINST: 50 (38.2%)
Total Ballots Cast on Proposition: 131
Authorized Bond Debt
$4.4M
Total 30-Yr Repayment
$6.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes STANTON ISD to issue $4,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR STANTON ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.