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Proposition ACORSICANA ISD (Navarro County)
PASSEDCORSICANA ISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 CORSICANA ISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 716 (61.0%)AGAINST: 458 (39.0%)
Total Ballots Cast on Proposition: 1,174
Authorized Bond Debt
$9.8M
Total 30-Yr Repayment
$14.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes CORSICANA ISD to issue $9,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $9,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CORSICANA ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.