Back to Propositions Search
Proposition ASOMERSET ACADEMIES OF TEXAS (Bexar County)
PASSEDSOMERSET ACADEMIES OF TEXAS 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 SOMERSET ACADEMIES OF TEXAS Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 340 (61.9%)AGAINST: 209 (38.1%)
Total Ballots Cast on Proposition: 549
Authorized Bond Debt
$4.1M
Total 30-Yr Repayment
$6.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SOMERSET ACADEMIES OF TEXAS to issue $4,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SOMERSET ACADEMIES OF TEXAS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.