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Proposition ASPRING BRANCH ISD (Harris County)
FAILEDSPRING BRANCH ISD 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 SPRING BRANCH ISD Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 1,445 (48.0%)AGAINST: 1,566 (52.0%)
Total Ballots Cast on Proposition: 3,011
Authorized Bond Debt
$86.6M
Total 30-Yr Repayment
$131.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SPRING BRANCH ISD to issue $86,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $86,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SPRING BRANCH ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.