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Riverview School District No. 407 Proposition No. 1

The Board of Directors of Riverview School District No. 407 approved Resolution No. 17-05, authorizing a replacement levy for educational operations enrichment. This replacement levy funds district educational programs and school operations that are eligible activities and not state funded, and authorizes the District to levy the following excess taxes, on all taxable property within the District: Collection YearEstimated Levy Rate/$1,000 Assessed Value Levy Amount2019$1.93$8,450,0002020$1.65$7,800,0002021$1.53$7,820,0002022$1.42$7,820,000 and subject to legal limits on levy amounts and rates at the time of levy. Explanatory StatementPassage of Proposition No. 1 would replace an expiring levy and allow the levy of $8,450,000 in property taxes within Riverview School District No. 407 for collection in 2019, the levy of $7,800,000 for collection in 2020, the levy of $7,820,000 for collection in 2021, and the levy of $7,820,000 for collection in 2022. In accordance with Resolution No. 17-05 approving this proposition, these taxes would be deposited in the Riverview 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, estimated levy rates per $1,000 of assessed value would be $1.93 (2019 collection), $1.65 (2020 collection), $1.53 (2021 collection) and $1.42 (2022 collection). 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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