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Proposition ASPRING HILL ISD (Gregg County)
FAILEDSPRING HILL ISD 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 SPRING HILL ISD Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 132 (50.0%)AGAINST: 132 (50.0%)
Total Ballots Cast on Proposition: 264
Authorized Bond Debt
$5.7M
Total 30-Yr Repayment
$8.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SPRING HILL ISD to issue $5,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SPRING HILL ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.