Jump in Sales Tax Collections Shows Need for Refund Mechanism
With interest, the approved bonds will cost local property taxpayers significantly more than the dollar amounts shown on the ballot.
The proposition failed in a vote of 65 percent to 35 percent.
With interest, the bond would cost Midland ISD property taxpayers $2.9 billion—more than double the dollar amount shown on the ballot.
Clear Creek, Granbury, and Lewisville ISDs put propositions on the ballot that will increase local property tax burdens.