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Proposition ANEW DEAL ISD (Lubbock County)
PASSEDNEW DEAL ISD 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 NEW DEAL ISD Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 67 (55.8%)AGAINST: 53 (44.2%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$64.0M
Total 30-Yr Repayment
$97.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NEW DEAL ISD to issue $64,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $64,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NEW DEAL ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.