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Proposition AFARMERSVILLE ISD (Collin County)
PASSEDFARMERSVILLE ISD 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 FARMERSVILLE ISD Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 251 (52.1%)AGAINST: 231 (47.9%)
Total Ballots Cast on Proposition: 482
Authorized Bond Debt
$7.4M
Total 30-Yr Repayment
$11.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes FARMERSVILLE ISD to issue $7,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FARMERSVILLE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.