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Proposition ALA FERIA ISD (Cameron County)
PASSEDLA FERIA ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 LA FERIA ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 273 (54.0%)AGAINST: 233 (46.0%)
Total Ballots Cast on Proposition: 506
Authorized Bond Debt
$10.1M
Total 30-Yr Repayment
$15.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LA FERIA ISD to issue $10,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $10,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LA FERIA ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.