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Proposition AKATY ISD (Harris County)
PASSEDKATY ISD 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 KATY ISD Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 5,346 (55.0%)AGAINST: 4,374 (45.0%)
Total Ballots Cast on Proposition: 9,720
Authorized Bond Debt
$244.5M
Total 30-Yr Repayment
$371.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes KATY ISD to issue $244,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $244,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR KATY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.