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Proposition ALUBBOCK ISD (Lubbock County)
PASSEDLUBBOCK ISD 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 LUBBOCK ISD Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 1,651 (50.0%)AGAINST: 1,650 (50.0%)
Total Ballots Cast on Proposition: 3,301
Authorized Bond Debt
$57.5M
Total 30-Yr Repayment
$87.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LUBBOCK ISD to issue $57,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $57,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LUBBOCK ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.