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Proposition AGAINESVILLE ISD (Cooke County)
PASSEDGAINESVILLE ISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 GAINESVILLE ISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 293 (52.0%)AGAINST: 270 (48.0%)
Total Ballots Cast on Proposition: 563
Authorized Bond Debt
$12.1M
Total 30-Yr Repayment
$18.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GAINESVILLE ISD to issue $12,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $12,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GAINESVILLE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.