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Proposition AGIDDINGS ISD (Lee County)
FAILEDGIDDINGS ISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 GIDDINGS ISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 136 (46.0%)AGAINST: 160 (54.0%)
Total Ballots Cast on Proposition: 296
Authorized Bond Debt
$3.1M
Total 30-Yr Repayment
$4.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GIDDINGS ISD to issue $3,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GIDDINGS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.