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Proposition ALAKE WORTH ISD (Tarrant County)
PASSEDLAKE WORTH ISD 2018 Capital Infrastructure & Facility Improvement Bond Proposition
May 2018 LAKE WORTH ISD Uniform General & Special Election • Canvassed on 2018-05-05
Official Certified Canvass Outcome
FOR: 272 (63.1%)AGAINST: 159 (36.9%)
Total Ballots Cast on Proposition: 431
Authorized Bond Debt
$13.6M
Total 30-Yr Repayment
$20.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LAKE WORTH ISD to issue $13,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $13,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LAKE WORTH ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.