Back to Propositions Search
Proposition ASOUTH TEXAS ISD (Cameron County)
FAILEDSOUTH TEXAS ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 SOUTH TEXAS ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 387 (48.0%)AGAINST: 419 (52.0%)
Total Ballots Cast on Proposition: 806
Authorized Bond Debt
$39.4M
Total 30-Yr Repayment
$59.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SOUTH TEXAS ISD to issue $39,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $39,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SOUTH TEXAS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.