Kahlotus School District No. 56 Proposition No. 1
Replacement of Expiring Maintenance and Operation LevyThe Board of Directors of Kahlotus School District #56 adopted Resolution # 17-03, concerning a proposition to finance maintenance and operation expenses. This proposition would authorize the District to levy the following excess taxes, in place of an expiring levy, upon all taxable property within the District, for support of the District’s General Fund educational maintenance and operation expenses: Levy CollectionYearApproximate Levy Rate/ $1000Assessed ValueLevyAmount2019$1.07$75,0002020$1.14$75,000all as provided in Resolution # 17-03. Should this proposition be approved? Levy Yes Levy NoKahlotus School District Explanatory Statement This Proposition would allow Kahlotus School District to replace an existing maintenance and operation levy that will expire after calendar year 2018. The proposed two-year replacement of expiring maintenance and operation levy would authorize collection of taxes to provide $75,000 in 2019 and $75,000 in 2020. The tax levy rate required to produce these levy amounts is estimated to be approximately $1.07 per $1,000 of assessed value. Taxes collected by the proposed levy, will provide approximately 4% of the District’s General Fund budget.
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