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Proposition AS AND S CISD (Grayson County)
PASSEDS AND S CISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 S AND S CISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 76 (63.3%)AGAINST: 44 (36.7%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$2.0M
Total 30-Yr Repayment
$3.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes S AND S CISD to issue $2,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR S AND S CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.