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Proposition ANEW CANEY ISD (Montgomery County)
PASSEDNEW CANEY ISD 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 NEW CANEY ISD Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 1,939 (58.0%)AGAINST: 1,404 (42.0%)
Total Ballots Cast on Proposition: 3,343
Authorized Bond Debt
$65.8M
Total 30-Yr Repayment
$100.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NEW CANEY ISD to issue $65,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $65,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NEW CANEY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.