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Proposition AKAUFMAN ISD (Kaufman County)
FAILEDKAUFMAN ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 KAUFMAN ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 413 (48.0%)AGAINST: 447 (52.0%)
Total Ballots Cast on Proposition: 860
Authorized Bond Debt
$15.6M
Total 30-Yr Repayment
$23.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes KAUFMAN ISD to issue $15,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $15,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR KAUFMAN ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.