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Proposition ALUMBERTON ISD (Hardin County)
FAILEDLUMBERTON ISD 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 LUMBERTON ISD Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 358 (48.0%)AGAINST: 388 (52.0%)
Total Ballots Cast on Proposition: 746
Authorized Bond Debt
$6.0M
Total 30-Yr Repayment
$9.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LUMBERTON ISD to issue $6,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LUMBERTON ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.