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Proposition ABASTROP ISD (Bastrop County)
FAILEDBASTROP ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 BASTROP ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 1,333 (47.0%)AGAINST: 1,503 (53.0%)
Total Ballots Cast on Proposition: 2,836
Authorized Bond Debt
$38.4M
Total 30-Yr Repayment
$58.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes BASTROP ISD to issue $38,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $38,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR BASTROP ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.