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Eatonville School District #404 - Proposition No. 2

The Board of Directors of Eatonville School District No. 404 adopted Resolution No. 686 concerning a capital projects levy. If approved, Proposition No. 2 will authorize the District to levy the following excess taxes on all taxable property within the District to modernize and remodel District facilities, including acquisition of technology infrastructure:Collection Year Estimated Levy Rate/$1,000 Assessed ValueAmount2019 $0.25 $368,072 2020 $0.25 $388,315 2021 $0.25$409,6732022 $0.25 $430,1562023 $0.25 $451,6642024 $0.25 $474,248all as provided in Resolution No. 686. Explanatory StatementPassage of Proposition No. 2 would allow the levy of $368,072 in property taxes within Eatonville School District No. 404 for collection in 2019, the levy of $388,315 for collection in 2020, the levy of $409,673 for collection in 2021, the levy of $430,156 for collection in 2022, the levy of $451,664 for collection in 2023, and the levy of $474,248 for collection in 2024, to fund construction, modernization and remodeling of existing facilities, to include roof replacements, heating and mechanical systems, and interior and exterior renovations, life safety and security improvements and acquisition of technology and technical infrastructure, including internet wiring and administrative systems. These taxes would be collected over the 2018-2019 through 2023-2024 school years, inclusive, and deposited in the District’s Capital Projects Fund for such improvements to meet the current and future educational programs for its students. If authorized by the voters, and based on projected assessed valuation information, estimated levy rates per $1,000 of assessed value would be $0.25 for collection in the years 2019 through 2024, inclusive. The exact levy rate shall be adjusted based upon the actual assessed value of the property within the District at the time of the levy.Capital Projects Levy
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