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Proposition ANEW SUMMERFIELD ISD (Cherokee County)
PASSEDNEW SUMMERFIELD ISD 2020 Capital Infrastructure & Facility Improvement Bond Proposition
May 2020 NEW SUMMERFIELD ISD Uniform General & Special Election • Canvassed on 2020-05-02
Official Certified Canvass Outcome
FOR: 64 (53.3%)AGAINST: 56 (46.7%)
Total Ballots Cast on Proposition: 120
Authorized Bond Debt
$2.8M
Total 30-Yr Repayment
$4.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NEW SUMMERFIELD ISD to issue $2,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NEW SUMMERFIELD ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.