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Proposition ACORPUS CHRISTI ISD (Nueces County)
FAILEDCORPUS CHRISTI ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 CORPUS CHRISTI ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 2,928 (48.0%)AGAINST: 3,173 (52.0%)
Total Ballots Cast on Proposition: 6,101
Authorized Bond Debt
$111.1M
Total 30-Yr Repayment
$168.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes CORPUS CHRISTI ISD to issue $111,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $111,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CORPUS CHRISTI ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.