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Proposition ANORTHWEST ISD (Denton County)
PASSEDNORTHWEST ISD 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 NORTHWEST ISD Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 3,267 (61.0%)AGAINST: 2,089 (39.0%)
Total Ballots Cast on Proposition: 5,356
Authorized Bond Debt
$72.3M
Total 30-Yr Repayment
$109.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NORTHWEST ISD to issue $72,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $72,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NORTHWEST ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.