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Proposition ALAREDO ISD (Webb County)
FAILEDLAREDO ISD 2006 Capital Infrastructure & Facility Improvement Bond Proposition
May 2006 LAREDO ISD Uniform General & Special Election • Canvassed on 2006-05-06
Official Certified Canvass Outcome
FOR: 1,682 (47.0%)AGAINST: 1,897 (53.0%)
Total Ballots Cast on Proposition: 3,579
Authorized Bond Debt
$42.9M
Total 30-Yr Repayment
$65.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LAREDO ISD to issue $42,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $42,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LAREDO ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.