Lee County 2011 Capital Infrastructure & Facility Improvement Bond Proposition

November 2011 Lee County General & Special Election • Canvassed on 2011-11-08

Official Certified Canvass Outcome

FOR: 1,555 (56.0%)AGAINST: 1,222 (44.0%)

Total Ballots Cast on Proposition: 2,777

Authorized Bond Debt

$5.1M

Total 30-Yr Repayment

$7.8M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Lee County to issue $5,100,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $5,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LEE COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF