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Proposition AGALVESTON ISD (Galveston County)
PASSEDGALVESTON ISD 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 GALVESTON ISD Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 416 (54.0%)AGAINST: 355 (46.0%)
Total Ballots Cast on Proposition: 771
Authorized Bond Debt
$17.1M
Total 30-Yr Repayment
$26.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GALVESTON ISD to issue $17,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $17,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GALVESTON ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.