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Proposition AYES PREP PUBLIC SCHOOLS INC (Harris County)
PASSEDYES PREP PUBLIC SCHOOLS INC 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 YES PREP PUBLIC SCHOOLS INC Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 2,051 (63.0%)AGAINST: 1,204 (37.0%)
Total Ballots Cast on Proposition: 3,255
Authorized Bond Debt
$55.7M
Total 30-Yr Repayment
$84.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes YES PREP PUBLIC SCHOOLS INC to issue $55,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $55,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR YES PREP PUBLIC SCHOOLS INC, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.