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Proposition ALOVEJOY ISD (Collin County)
PASSEDLOVEJOY ISD 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 LOVEJOY ISD Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 402 (56.9%)AGAINST: 304 (43.1%)
Total Ballots Cast on Proposition: 706
Authorized Bond Debt
$15.6M
Total 30-Yr Repayment
$23.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LOVEJOY ISD to issue $15,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $15,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LOVEJOY ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.