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Proposition ACADDO MILLS ISD (Hunt County)
FAILEDCADDO MILLS ISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 CADDO MILLS ISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 233 (49.0%)AGAINST: 243 (51.0%)
Total Ballots Cast on Proposition: 476
Authorized Bond Debt
$14.4M
Total 30-Yr Repayment
$21.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes CADDO MILLS ISD to issue $14,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $14,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CADDO MILLS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.