Proposition A
THE ISSUANCE OF NOT TO EXCEED $379,000,000 OF CANUTILLO INDEPENDENT SCHOOL DISTRICT SCHOOL BUILDING BONDS FOR THE PURPOSES OF DESIGNING, CONSTRUCTING, RENOVATING, IMPROVING, UPGRADING, UPDATING, ACQUIRING, AND EQUIPPING SCHOOL FACILITIES, THE PURCHASE OF THE NECESSARY SITES FOR SCHOOL FACILITIES,]AND THE LEVYING OF A TAX SUFFICIENT TO PAY THE PRINCIPAL AND INTEREST ON THE BONDS AND THE COSTS OF ANY CREDIT AGREEMENTS EXECUTED IN CONNECTION WITH THE BONDS. THIS IS A PROPERTY TAX INCREASE. |
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Proposition B
THE ISSUANCE OF NOT TO EXCEED $7,200,000 OF CANUTILLO INDEPENDENT SCHOOL DISTRICT REFUNDING BONDS FOR THE PURPOSE OF REFINANCING THE PRINCIPAL, INTEREST, AND REDEMPTION PREMIUM ON CERTAIN PREVIOUSLY ISSUED MAINTENANCE TAX NOTES OF THE DISTRICT STYLED “CANUTILLO INDEPENDENT SCHOOL DISTRICT MAINTENANCE TAX NOTES, SERIES 2020” AND THE LEVYING OF A TAX SUFFICIENT TO PAY THE PRINCIPAL AND INTEREST ON THE BONDS AND THE COSTS OF ANY CREDIT AGREEMENTS EXECUTED IN CONNECTION WITH THE BONDS. THIS IS A PROPERTY TAX INCREASE. |