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Proposition ALEXINGTON ISD (Lee County)
FAILEDLEXINGTON ISD 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 LEXINGTON ISD Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 67 (48.2%)AGAINST: 72 (51.8%)
Total Ballots Cast on Proposition: 139
Authorized Bond Debt
$2.7M
Total 30-Yr Repayment
$4.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LEXINGTON ISD to issue $2,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LEXINGTON ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.