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Proposition ARED OAK ISD (Ellis County)
PASSEDRED OAK ISD 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 RED OAK ISD Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 536 (52.0%)AGAINST: 495 (48.0%)
Total Ballots Cast on Proposition: 1,031
Authorized Bond Debt
$16.4M
Total 30-Yr Repayment
$24.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes RED OAK ISD to issue $16,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $16,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RED OAK ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.