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Proposition ALEONARD ISD (Fannin County)
PASSEDLEONARD ISD 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 LEONARD ISD Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 68 (56.7%)AGAINST: 52 (43.3%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$3.9M
Total 30-Yr Repayment
$5.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LEONARD ISD to issue $3,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LEONARD ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.