Back to Propositions Search
Proposition AOLTON ISD (Lamb County)
FAILEDOLTON ISD 2009 Capital Infrastructure & Facility Improvement Bond Proposition
May 2009 OLTON ISD Uniform General & Special Election • Canvassed on 2009-05-02
Official Certified Canvass Outcome
FOR: 56 (46.7%)AGAINST: 64 (53.3%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$1.8M
Total 30-Yr Repayment
$2.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes OLTON ISD to issue $1,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR OLTON ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.