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Proposition AHOUSTON GATEWAY ACADEMY INC (Harris County)
PASSEDHOUSTON GATEWAY ACADEMY INC 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 HOUSTON GATEWAY ACADEMY INC Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 234 (53.9%)AGAINST: 200 (46.1%)
Total Ballots Cast on Proposition: 434
Authorized Bond Debt
$4.5M
Total 30-Yr Repayment
$6.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes HOUSTON GATEWAY ACADEMY INC to issue $4,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR HOUSTON GATEWAY ACADEMY INC, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.