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Proposition AGRAND SALINE ISD (Van zandt County)
PASSEDGRAND SALINE ISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 GRAND SALINE ISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 126 (59.1%)AGAINST: 87 (40.9%)
Total Ballots Cast on Proposition: 213
Authorized Bond Debt
$2.5M
Total 30-Yr Repayment
$3.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GRAND SALINE ISD to issue $2,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GRAND SALINE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.