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Proposition AGLADEWATER ISD (Gregg County)
PASSEDGLADEWATER ISD 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 GLADEWATER ISD Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 157 (60.9%)AGAINST: 101 (39.1%)
Total Ballots Cast on Proposition: 258
Authorized Bond Debt
$3.0M
Total 30-Yr Repayment
$4.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GLADEWATER ISD to issue $3,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GLADEWATER ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.