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Proposition ALINDALE ISD (Smith County)
PASSEDLINDALE ISD 2014 Capital Infrastructure & Facility Improvement Bond Proposition
May 2014 LINDALE ISD Uniform General & Special Election • Canvassed on 2014-05-03
Official Certified Canvass Outcome
FOR: 500 (61.0%)AGAINST: 319 (39.0%)
Total Ballots Cast on Proposition: 819
Authorized Bond Debt
$13.8M
Total 30-Yr Repayment
$21.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LINDALE ISD to issue $13,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $13,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LINDALE ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.