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Proposition AFLOYDADA COLLEGIATE ISD (Floyd County)
FAILEDFLOYDADA COLLEGIATE ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 FLOYDADA COLLEGIATE ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 67 (49.3%)AGAINST: 69 (50.7%)
Total Ballots Cast on Proposition: 136
Authorized Bond Debt
$4.0M
Total 30-Yr Repayment
$6.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes FLOYDADA COLLEGIATE ISD to issue $4,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FLOYDADA COLLEGIATE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.