Canutillo Independent School District, Texas, Proposition B, Bond Issue (November 2021)
| Canutillo Independent School District Proposition B | |
|---|---|
 | |
| Election date November 2, 2021 | |
| Topic Local school bonds | |
Status Defeated | |
| Type Referral | Origin Lawmakers |
Canutillo Independent School District Proposition B was on the ballot as a referral in Canutillo Independent School District on November 2, 2021. It was defeated.
A “yes” vote supported authorizing the Canutillo Independent School District to issue up to $10,000,000 in bonds and requiring an estimated property tax levy of $0 per $100,000 in assessed value. |
A “no” vote opposed authorizing the Canutillo Independent School District to issue up to $10,000,000 in bonds and requiring an estimated property tax levy of $0 per $100,000 in assessed value. |
A simple majority was required for the approval of Proposition B.
Election results
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Canutillo Independent School District Proposition B |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 570 | 34.93% | ||
|
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1,062 | 65.07% | ||
Text of measure
Ballot title
The ballot title for Proposition B was as follows:
| “ | Shall the Board of Trustees of the Canutillo Independent School District be authorized to issue and sell bonds of the district in the principal amount not to exceed $10,000,000 for the purposes of refunding all or a portion of the principal and/or interest on certain previously issued maintenance tax obligations styled “Canutillo Independent School District Maintenance Tax Notes, Series 2020”, dated June 1, 2020, and any refunding obligations thereof; such bonds to mature serially or otherwise (not more than 10 years from their date) in accordance with law; any issue or series of such bonds to bear interest per annum at such rate or rates (fixed, floating, variable, or otherwise) as may be determined within the discretion of the Board of Trustees, provided that such rate or rates of interest shall not exceed the maximum rate per annum authorized by law at the time of the issuance of any issue or series of such bonds; and shall the board of trustees of the district be authorized to levy and pledge, and cause to be assessed and collected, annual ad valorem taxes on all taxable property in the district sufficient, without limit as to rate or amount, to pay the principal of and interest on the bonds and the cost of any credit agreements executed in connection with the bonds? | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
This measure was put on the ballot through a vote of the governing body of Canutillo Independent School District.
See also
External links
Footnotes
