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Proposition AMidway ISDb (McLennan County)
PASSEDMidway ISDb 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 Midway ISDb Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 165 (53.9%)AGAINST: 141 (46.1%)
Total Ballots Cast on Proposition: 306
Authorized Bond Debt
$13.9M
Total 30-Yr Repayment
$21.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Midway ISDb to issue $13,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $13,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MIDWAY ISDB, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.