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Proposition ANORTH EAST ISD (Bexar County)
FAILEDNORTH EAST ISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 NORTH EAST ISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 2,576 (47.0%)AGAINST: 2,905 (53.0%)
Total Ballots Cast on Proposition: 5,481
Authorized Bond Debt
$104.4M
Total 30-Yr Repayment
$158.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NORTH EAST ISD to issue $104,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $104,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NORTH EAST ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.