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Proposition ALINDALE ISD (Smith County)
PASSEDLINDALE ISD 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 LINDALE ISD Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 328 (52.1%)AGAINST: 302 (47.9%)
Total Ballots Cast on Proposition: 630
Authorized Bond Debt
$10.2M
Total 30-Yr Repayment
$15.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LINDALE ISD to issue $10,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $10,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LINDALE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.