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Proposition AROBERT LEE ISD (Coke County)
PASSEDROBERT LEE ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 ROBERT LEE ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 73 (60.8%)AGAINST: 47 (39.2%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$1.7M
Total 30-Yr Repayment
$2.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes ROBERT LEE ISD to issue $1,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR ROBERT LEE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.