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Proposition ASOMERSET ACADEMIES OF TEXAS (Bexar County)
PASSEDSOMERSET ACADEMIES OF TEXAS 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 SOMERSET ACADEMIES OF TEXAS Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 159 (51.1%)AGAINST: 152 (48.9%)
Total Ballots Cast on Proposition: 311
Authorized Bond Debt
$7.4M
Total 30-Yr Repayment
$11.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SOMERSET ACADEMIES OF TEXAS to issue $7,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SOMERSET ACADEMIES OF TEXAS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.