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Proposition ATEXAS CITY ISD (Galveston County)
PASSEDTEXAS CITY ISD 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 TEXAS CITY ISD Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 729 (50.0%)AGAINST: 728 (50.0%)
Total Ballots Cast on Proposition: 1,457
Authorized Bond Debt
$16.7M
Total 30-Yr Repayment
$25.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes TEXAS CITY ISD to issue $16,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $16,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TEXAS CITY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.