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Proposition AODYSSEY ACADEMY INC (Galveston County)
PASSEDODYSSEY ACADEMY INC 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 ODYSSEY ACADEMY INC Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 163 (51.9%)AGAINST: 151 (48.1%)
Total Ballots Cast on Proposition: 314
Authorized Bond Debt
$2.9M
Total 30-Yr Repayment
$4.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes ODYSSEY ACADEMY INC to issue $2,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR ODYSSEY ACADEMY INC, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.