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Proposition ACYPRESS-FAIRBANKS ISD (Harris County)
PASSEDCYPRESS-FAIRBANKS ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 CYPRESS-FAIRBANKS ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 7,292 (55.0%)AGAINST: 5,967 (45.0%)
Total Ballots Cast on Proposition: 13,259
Authorized Bond Debt
$250.0M
Total 30-Yr Repayment
$380.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes CYPRESS-FAIRBANKS ISD to issue $250,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $250,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CYPRESS-FAIRBANKS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.