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Proposition ALOVEJOY ISD (Collin County)
PASSEDLOVEJOY ISD 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 LOVEJOY ISD Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 278 (59.0%)AGAINST: 193 (41.0%)
Total Ballots Cast on Proposition: 471
Authorized Bond Debt
$10.0M
Total 30-Yr Repayment
$15.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LOVEJOY ISD to issue $10,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $10,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LOVEJOY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.