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Proposition ABONHAM ISD (Fannin County)
FAILEDBONHAM ISD 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 BONHAM ISD Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 91 (49.2%)AGAINST: 94 (50.8%)
Total Ballots Cast on Proposition: 185
Authorized Bond Debt
$4.6M
Total 30-Yr Repayment
$7.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes BONHAM ISD to issue $4,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR BONHAM ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.