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Proposition AEXCELLENCE IN LEADERSHIP ACADEMY (Hidalgo County)
PASSEDEXCELLENCE IN LEADERSHIP ACADEMY 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 EXCELLENCE IN LEADERSHIP ACADEMY Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 67 (55.8%)AGAINST: 53 (44.2%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes EXCELLENCE IN LEADERSHIP ACADEMY to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR EXCELLENCE IN LEADERSHIP ACADEMY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.