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Proposition ANORTH LAMAR ISD (Lamar County)
PASSEDNORTH LAMAR ISD 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 NORTH LAMAR ISD Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 168 (54.9%)AGAINST: 138 (45.1%)
Total Ballots Cast on Proposition: 306
Authorized Bond Debt
$7.1M
Total 30-Yr Repayment
$10.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes NORTH LAMAR ISD to issue $7,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NORTH LAMAR ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.