NTCC passes Proposition Two, fails Proposition One

From Staff Reports

Northeast Texas Community College confirmed Wednesday that Proposition One failed by 327 votes. However, final tallies from county election officials showed that Proposition Two passed by four votes.

 Proposition One dealt with restructuring NTCC's tax cap and would grant the college the ability to pay back debt. Proposition Two authorized the college to issue $19.9 million in bonds to repair the 30-year-old NTCC campus.

 “This leaves the college with the authority to issue bonds, but no way to pay them back,” Dr. Brad Johnson, NTCC President, said. “The board will meet next Monday to canvass the election and consider its options.”

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