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Proposition AMidway ISDb (McLennan County)
PASSEDMidway ISDb 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 Midway ISDb Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 4,222 (56.0%)AGAINST: 3,318 (44.0%)
Total Ballots Cast on Proposition: 7,540
Authorized Bond Debt
$22.8M
Total 30-Yr Repayment
$34.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Midway ISDb to issue $22,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $22,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MIDWAY ISDB, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.