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Proposition AMIDLAND ISD (Midland County)
FAILEDMIDLAND ISD 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 MIDLAND ISD Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 2,456 (46.0%)AGAINST: 2,884 (54.0%)
Total Ballots Cast on Proposition: 5,340
Authorized Bond Debt
$68.1M
Total 30-Yr Repayment
$103.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes MIDLAND ISD to issue $68,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $68,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MIDLAND ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.