Florence Independent School District Proposition B: Refunding Bonds
Florence Independent School District, Texas
My vote power: High
What does this measure do?
Florence ISD could issue $1.45 million in bonds to refinance a school debt note from 2015. Property owners would pay taxes needed to repay the bonds; the ballot calls this a property-tax increase.
Proposed by: Florence Independent School District Board of Trustees (order calling the election)
The district's elected school board. Texas law says voters must approve before a school district borrows money that is paid back with property taxes.
Source: cms3.revize.com
A YES vote means
Allow $1.45 million in bonds to refinance the district's 2015 debt note, repaid with school property taxes.
A NO vote means
Do not authorize the new refinancing bonds or their property-tax payments; the old note remains under its existing terms.
Source: meetings.boardbook.org