Back to Propositions Search
Proposition AGRADY ISD (Martin County)
PASSEDGRADY ISD 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 GRADY ISD Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 70 (58.3%)AGAINST: 50 (41.7%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$6.4M
Total 30-Yr Repayment
$9.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GRADY ISD to issue $6,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GRADY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.