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Proposition ALOCKHART ISD (Caldwell County)
PASSEDLOCKHART ISD 2011 Capital Infrastructure & Facility Improvement Bond Proposition
May 2011 LOCKHART ISD Uniform General & Special Election • Canvassed on 2011-05-07
Official Certified Canvass Outcome
FOR: 499 (60.0%)AGAINST: 332 (40.0%)
Total Ballots Cast on Proposition: 831
Authorized Bond Debt
$17.7M
Total 30-Yr Repayment
$26.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LOCKHART ISD to issue $17,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $17,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LOCKHART ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.