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Proposition AMCALLEN ISD (Hidalgo County)
FAILEDMCALLEN ISD 2006 Capital Infrastructure & Facility Improvement Bond Proposition
May 2006 MCALLEN ISD Uniform General & Special Election • Canvassed on 2006-05-06
Official Certified Canvass Outcome
FOR: 1,101 (49.0%)AGAINST: 1,146 (51.0%)
Total Ballots Cast on Proposition: 2,247
Authorized Bond Debt
$43.6M
Total 30-Yr Repayment
$66.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MCALLEN ISD to issue $43,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $43,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MCALLEN ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.