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Proposition AKERMIT ISD (Winkler County)
PASSEDKERMIT ISD 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 KERMIT ISD Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 104 (58.1%)AGAINST: 75 (41.9%)
Total Ballots Cast on Proposition: 179
Authorized Bond Debt
$3.2M
Total 30-Yr Repayment
$4.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes KERMIT ISD to issue $3,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR KERMIT ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.