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Proposition ALAKE TRAVIS ISD (Travis County)
PASSEDLAKE TRAVIS ISD 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 LAKE TRAVIS ISD Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 1,142 (52.0%)AGAINST: 1,055 (48.0%)
Total Ballots Cast on Proposition: 2,197
Authorized Bond Debt
$45.0M
Total 30-Yr Repayment
$68.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LAKE TRAVIS ISD to issue $45,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $45,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LAKE TRAVIS ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.