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Proposition ALOS FRESNOS CISD (Cameron County)
PASSEDLOS FRESNOS CISD 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 LOS FRESNOS CISD Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 661 (59.0%)AGAINST: 460 (41.0%)
Total Ballots Cast on Proposition: 1,121
Authorized Bond Debt
$38.0M
Total 30-Yr Repayment
$57.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LOS FRESNOS CISD to issue $38,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $38,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LOS FRESNOS CISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.