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Proposition ALEONARD ISD (Fannin County)
PASSEDLEONARD ISD 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 LEONARD ISD Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 66 (52.4%)AGAINST: 60 (47.6%)
Total Ballots Cast on Proposition: 126
Authorized Bond Debt
$3.6M
Total 30-Yr Repayment
$5.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LEONARD ISD to issue $3,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LEONARD ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.