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BOND ELECTION

Bond - TRE Election

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PLEASE JOIN US AT THE HIGH SCHOOL FOR COMMUNITY INFORMATION MEETINGS:

Monday, September 26th – 6:30 pm – 7:30 pm

Saturday, October 8th – 8:30 am – 9:30 am

Monday, October 24th – 6:30 pm – 7:30 pm

Saturday, November 5th – 8:30 am – 9:30 am

Monday, November 7th – 6:30 pm – 7:30 pm

 

BOND ELECTION RESULTS

  • SHALL THE BOARD OF TRUSTEES (THE “BOARD”) OF THE MCDADE INDEPENDENT SCHOOL DISTRICT (THE “DISTRICT”) BE AUTHORIZED TO ISSUE BONDS OF THE DISTRICT, IN ONE OR MORE SERIES OR INSTALLMENTS, IN THE AMOUNT OF $2,000,000 FOR THE PURCHASE OF THE NECESSARY SITES FOR SCHOOL BUYILDINGS, WHICH BONDS SHALL MATURE, BEAR INTEREST AND BE ISSUED AND SOLD IN ACCORDANCE WITH LAW AT THE TIME OF ISSUANCE; AND SHALL THE BOARD BE AUTHORIZED TO LEVY, IMPOSE 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 COSTS OF ANY CREDIT AGREEMENTS (INCLUDING CREDIT AGREEMENTS EXECUTED OR AUTHORIZED IN ANTICIPATION OF, IN RELATION TO, OR IN CONNECTION WITH THE BONDS), ALL AS AUTHORIZED BY THE CONSTITUTION AND LAWS OF THE STATE OF TEXAS AND THE UNITED STATES OF AMERICA?

         WHEREAS, the tabulation of the results of the Election on Proposition A was a follows:

         270 (43.97%) Votes For

         344 (56.03%) Votes Against

  • SHALL THE BOARD OF TRUSTEES (THE “BOARD”) OF THE MCDADE INDEPENDENT SCHOOL DISTRICT (THE “DISTRICT”) BE AUTHORIZED TO ISSUE BONDS OF THE DISTRICT, IN ONE OR MORE SERIES OR INSTALLMENTS, IN THE AMOUNT OF $23,000,000 FOR THE DESIGN, CONSTRUCTION, ACQUISITION, REHABILITATION, RENOVATION, EXPANSION, IMPROVEMENT AND EQUIPMENT OF SCHOOL BUILDINGS IN THE DISTRICT AND THE PURCHASE OF NEW SCHOOL BUSES, WHICH BONDS SHALL MATURE, BEAR INTEREST AND BE ISSUED AND SOLD IN ACCORDANCE WITH LAW AT THE TIME OF ISSUANCE; AND SHALL THE BOARD BE AUTHORIZED TO LEVY, IMPOSE AND PLEDGE, AND CAUSE TO BE ASSESSED AND COLLECTED, ANNUAL AD VALOREM TAXES ON ALL TAXABLE PROPERTY IN THE DISTRICT SUFFICIENT, WIHTOUT LIMIT AS TO RATE OR AMOUNT, TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS, AND THE COSTS OF ANY CREDIT AGREEMENTS (INCLUDING CREDIT AGREEMENTS EXECUTED OR AUTHORIZED IN ANTICIPATION OF, IN RELATION TO, OR IN CONNECTION WITH THE BONDS, ALL AS AUTHORIZED BY THE CONSTITUTION AND LAWS OF THE STATE OF TEXAS AND THE UNITED STATES OF AMERICA?

         WHEREAS, the tabulation of the results of the Election on Proposition B was as follows:

            259 (42.25%) Votes For

            354 (57.75%) Votes Against

  • Shall the Board of Trustees of the McDade Independent School District be authorized to levy an ad valorem tax rate of $1.0260 per $100 of the taxable assessed valuation of property within the McDade Independent School District for the current ta year, being a rate that is comprised of a maintenance and operations tax rate of $0.9746 per $100 of such taxablel assessed valuation (and the maximum rate for maintenance and operations for which the District may levy in each year hereafter, being then subject only to annual Board approval) and a debt service ta rate of $0.0514 per $100 of such taxable assessed value (an amount that is set annually by the Board), which combined tax rate of $1.0260 represents an increase of an approximate $524,832.97 to the District in the 2022-2023 school year and a larger amount annually thereafter, which is approximately 38.22 percent higher than the amount collected las year pursuant to ection 26.08, Texas Tax Code, as amended?

         WHEREAS, the tabulation of the results of the Election on Proposition C was as follows:

          247 (40.49%) Votes For

          363 (59.51%) Votes Against