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Proposition ATHE VARNETT PUBLIC SCHOOL (Harris County)
PASSEDTHE VARNETT PUBLIC SCHOOL 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 THE VARNETT PUBLIC SCHOOL Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 94 (53.1%)AGAINST: 83 (46.9%)
Total Ballots Cast on Proposition: 177
Authorized Bond Debt
$2.3M
Total 30-Yr Repayment
$3.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes THE VARNETT PUBLIC SCHOOL to issue $2,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR THE VARNETT PUBLIC SCHOOL, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.