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Proposition AVANGUARD ACADEMY (Hidalgo County)
PASSEDVANGUARD ACADEMY 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 VANGUARD ACADEMY Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 548 (57.0%)AGAINST: 414 (43.0%)
Total Ballots Cast on Proposition: 962
Authorized Bond Debt
$14.0M
Total 30-Yr Repayment
$21.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes VANGUARD ACADEMY to issue $14,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $14,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR VANGUARD ACADEMY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.