2023 Bond Transparency
November 7, 2023 Bond Election – Proposition A
Ballot Purpose: Education
Ballot Language: THE ISSUANCE OF $575,000 IN BONDS BY THE KARNACK INDEPENDENT SCHOOL DISTRICT FOR SCHOOL BUSES AND STUDENT TRANSPORTATION VEHICLES AND THE LEVY OF TAXES SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS. THIS IS A PROPERTY TAX INCREASE.
Votes in Support: 86
Votes Against: 66
Bond Election Results: Carried
Date of Election: November 7, 2023
Debt Type: PSF
Description of Any I&S Tax Rate Increase: 4.50 Cent I&S Tax Rate Increase
Description of Any M&O Tax Rate Increase: N/A
Estimated Minimum Cost of Debt Service: $140,000
Projected I&S Fund Tax Rate: 4.50
Project Description: School Vehicles
Amount Issued to Date: $575,000