Back to Propositions Search
Proposition ANEW SUMMERFIELD ISD (Cherokee County)
PASSEDNEW SUMMERFIELD ISD 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 NEW SUMMERFIELD ISD Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 61 (50.8%)AGAINST: 59 (49.2%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$2.0M
Total 30-Yr Repayment
$3.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NEW SUMMERFIELD ISD to issue $2,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NEW SUMMERFIELD ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.