HOUSTON GATEWAY ACADEMY INC 2011 Capital Infrastructure & Facility Improvement Bond Proposition

May 2011 HOUSTON GATEWAY ACADEMY INC Uniform General & Special Election • Canvassed on 2011-05-07

Official Certified Canvass Outcome

FOR: 261 (58.0%)AGAINST: 189 (42.0%)

Total Ballots Cast on Proposition: 450

Authorized Bond Debt

$3.7M

Total 30-Yr Repayment

$5.6M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes HOUSTON GATEWAY ACADEMY INC to issue $3,700,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $3,700,000 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.

Download Official Certified Canvass PDF