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Proposition ASPRING BRANCH ISD (Harris County)
FAILEDSPRING BRANCH ISD 2008 Capital Infrastructure & Facility Improvement Bond Proposition
May 2008 SPRING BRANCH ISD Uniform General & Special Election • Canvassed on 2008-05-03
Official Certified Canvass Outcome
FOR: 1,962 (48.0%)AGAINST: 2,125 (52.0%)
Total Ballots Cast on Proposition: 4,087
Authorized Bond Debt
$90.3M
Total 30-Yr Repayment
$137.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes SPRING BRANCH ISD to issue $90,300,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $90,300,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SPRING BRANCH ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.