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Proposition AFAITH FAMILY ACADEMY (Ellis County)
PASSEDFAITH FAMILY ACADEMY 2011 Capital Infrastructure & Facility Improvement Bond Proposition
May 2011 FAITH FAMILY ACADEMY Uniform General & Special Election • Canvassed on 2011-05-07
Official Certified Canvass Outcome
FOR: 185 (58.9%)AGAINST: 129 (41.1%)
Total Ballots Cast on Proposition: 314
Authorized Bond Debt
$7.6M
Total 30-Yr Repayment
$11.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes FAITH FAMILY ACADEMY to issue $7,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FAITH FAMILY ACADEMY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.