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Proposition ACHINA SPRING ISD (Mclennan County)
FAILEDCHINA SPRING ISD 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 CHINA SPRING ISD Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 140 (45.9%)AGAINST: 165 (54.1%)
Total Ballots Cast on Proposition: 305
Authorized Bond Debt
$7.0M
Total 30-Yr Repayment
$10.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes CHINA SPRING ISD to issue $7,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CHINA SPRING ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.