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Proposition AGLADEWATER ISD (Gregg County)
PASSEDGLADEWATER ISD 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 GLADEWATER ISD Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 162 (58.1%)AGAINST: 117 (41.9%)
Total Ballots Cast on Proposition: 279
Authorized Bond Debt
$5.5M
Total 30-Yr Repayment
$8.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes GLADEWATER ISD to issue $5,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR GLADEWATER ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.