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Proposition ACUMBERLAND ACADEMY (Smith County)
PASSEDCUMBERLAND ACADEMY 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 CUMBERLAND ACADEMY Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 142 (50.9%)AGAINST: 137 (49.1%)
Total Ballots Cast on Proposition: 279
Authorized Bond Debt
$6.2M
Total 30-Yr Repayment
$9.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes CUMBERLAND ACADEMY to issue $6,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $6,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CUMBERLAND ACADEMY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.