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Proposition AMELISSA ISD (Collin County)
PASSEDMELISSA ISD 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 MELISSA ISD Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 526 (53.0%)AGAINST: 466 (47.0%)
Total Ballots Cast on Proposition: 992
Authorized Bond Debt
$28.1M
Total 30-Yr Repayment
$42.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MELISSA ISD to issue $28,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $28,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MELISSA ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.