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Proposition ALUBBOCK ISD (Lubbock County)
PASSEDLUBBOCK ISD 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 LUBBOCK ISD Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 3,070 (63.0%)AGAINST: 1,803 (37.0%)
Total Ballots Cast on Proposition: 4,873
Authorized Bond Debt
$55.4M
Total 30-Yr Repayment
$84.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes LUBBOCK ISD to issue $55,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $55,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LUBBOCK ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.