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Lake Washington School District No. 414 Proposition No. 1

The Board of Directors of Lake Washington School District No. 414 adopted Resolution No. 2244 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, which are not funded or not fully funded by the State: Collection YearEstimated Levy Rate/$1,000 Assessed Value Levy Amount2019$1.03$59,200,0002020$1.03$62,200,0002021$1.03$65,100,0002022$1.03$67,700,000 all as provided in the Resolution.Explanatory StatementLake Washington School District requests voter approval of an Educational Programs and Operations levy to enable the District to pay for its educational programs and services not funded by the state and needed to meet the current and future educational programs and services for students. The proposed levy will replace the District’s current levy that expires in 2018. This expiring levy currently provides approximately 19% of the general expense of operating the District, and pays for teaching and non-teaching staff, safety and security services, transportation, staff professional learning, activities and athletics/sports, additional course offerrings, early learning programs, and other non-capital expenses of operating the District schools.Passage of this proposition would allow the levy of an average of $63.5 million per year over the next four years. If authorized by the voters and based on current assessed valuation information, the estimated levy rate per $1,000 of assessed value would be $1.03 beginning in 2019. The district is asking for less than the state legislature has authorized, in anticipation of additional state funding. This request will decrease the tax rate from the current collection. 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.Further information is available on the district’s website at www.lwsd.org.Exemptions from taxes may be available to homeowners who are 61 or older, or disabled, and who meet certain income requirements. For more information, call the King County Department of Assessments 206-296-3920.
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