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Proposition ASAN MARCOS CISD (Hays County)
FAILEDSAN MARCOS CISD 2011 Capital Infrastructure & Facility Improvement Bond Proposition
May 2011 SAN MARCOS CISD Uniform General & Special Election • Canvassed on 2011-05-07
Official Certified Canvass Outcome
FOR: 382 (46.0%)AGAINST: 449 (54.0%)
Total Ballots Cast on Proposition: 831
Authorized Bond Debt
$25.0M
Total 30-Yr Repayment
$38.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SAN MARCOS CISD to issue $25,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $25,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SAN MARCOS CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.