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Skykomish School District No. 404 Proposition No. 1

Replacement of Existing Educational Programs and Operations LevyThe Board of Directors adopted Resolution No. 11-2017 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to replace an expiring levy, on all taxable property within the District, to support the District’s educational programs and operations not funded by the state: Collection YearEstimated Levy Rate/$1,000 Assessed Value Levy Amount2019$1.50$291,5542020$1.50$320,7092021$1.50$352,7802022$1.50$388,058all as provided in the Resolution. Explanatory StatementPassage of Proposition No. 1 would replace an expiring levy and allow the levy of $291,554 in property taxes within Skykomish School District for collection in 2019, the levy of $320,709 for collection in 2020, the levy of $352,780 for collection in 2021, and the levy of $388,058 for collection in 2022. In accordance with Resolution No. 11-2017 approving this proposition, these taxes would be deposited in the Skykomish School District’s General Fund to pay part of the general expenses of operating the District. General expenses of the District include employee costs (such as salaries), instructional materials, special programs, activities and sports, technology systems operation, transportation costs, maintenance of facilities and other non-capital expenses of operating the District schools. If authorized by the voters, and based on projected assessed valuation information, the estimated levy rate per $1,000 of assessed value would be $1.50 for collection in the years 2019 through 2022, inclusive. The exact levy rate shall be adjusted based upon the actual assessed value of the property within the District and the legal limit of the levy amount at the time of the levy.
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