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Proposition ANORTHWEST ISD (Denton County)
FAILEDNORTHWEST ISD 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 NORTHWEST ISD Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 3,321 (48.0%)AGAINST: 3,597 (52.0%)
Total Ballots Cast on Proposition: 6,918
Authorized Bond Debt
$75.0M
Total 30-Yr Repayment
$114.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NORTHWEST ISD to issue $75,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $75,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NORTHWEST ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.