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Proposition AMCALLEN ISD (Hidalgo County)
PASSEDMCALLEN ISD 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 MCALLEN ISD Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 1,955 (51.0%)AGAINST: 1,878 (49.0%)
Total Ballots Cast on Proposition: 3,833
Authorized Bond Debt
$81.1M
Total 30-Yr Repayment
$123.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MCALLEN ISD to issue $81,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $81,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MCALLEN ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.