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Proposition ARED OAK ISD (Ellis County)
PASSEDRED OAK ISD 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 RED OAK ISD Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 753 (60.0%)AGAINST: 502 (40.0%)
Total Ballots Cast on Proposition: 1,255
Authorized Bond Debt
$18.0M
Total 30-Yr Repayment
$27.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes RED OAK ISD to issue $18,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $18,000,000 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.