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Proposition ACUMBERLAND ACADEMY (Smith County)
PASSEDCUMBERLAND ACADEMY 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 CUMBERLAND ACADEMY Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 116 (59.2%)AGAINST: 80 (40.8%)
Total Ballots Cast on Proposition: 196
Authorized Bond Debt
$3.2M
Total 30-Yr Repayment
$4.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes CUMBERLAND ACADEMY to issue $3,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CUMBERLAND ACADEMY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.