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Proposition AMERCEDES ISD (Hidalgo County)
FAILEDMERCEDES ISD 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 MERCEDES ISD Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 189 (47.0%)AGAINST: 213 (53.0%)
Total Ballots Cast on Proposition: 402
Authorized Bond Debt
$12.7M
Total 30-Yr Repayment
$19.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MERCEDES ISD to issue $12,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $12,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MERCEDES ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.