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Bellevue School District No. 405 Proposition No. 1

Replacement for Educational Programs and Operations LevyThe Board of Directors of Bellevue School District passed Resolution No. 17-16 concerning this proposition to maintain current educational funding. To continue high quality programs that are not state funded, this authorizes the District to levy the following excess taxes replacing an expiring levy on all taxable property within the District: Collection YearEstimated Levy Rate/$1,000 Assessed Value Levy Amount2019$0.99$68,000,0002020$0.99$74,000,0002021$0.99$79,000,0002022$0.99$83,000,000as provided in the Resolution, subject to legal limits at time of levy. Explanatory StatementPassage of Proposition No. 1 would replace an expiring levy and allow for a levy up to $68,000,000 in property taxes within Bellevue School District for collection in 2019, a levy up to $74,000,000 for collection in 2020, a levy up to $79,000,000 for collection in 2021, and a levy up to $83,000,000 for collection in 2022. In accordance with Resolution No. 17-16 approving this proposition, these taxes would be deposited in the Bellevue School District’s General Fund. These additional funds pay for the day-to-day classroom operational needs that are not funded by the state such as the seventh period at high schools and middle schools; orchestra, band, music and art at elementary schools; world language at middle schools; special education; gifted programming; and athletics, extra curricular activities and other after school programs. If authorized by the voters, and based on projected assessed valuation information, estimated levy rates per $1,000 of assessed value would be $0.99 (2019 collection), $0.99 (2020 collection), $0.99 (2021 collection) and $0.99 (2022 collection). The exact levy collection will be subject to the legal limits at the time of levy and the rate shall be adjusted based upon the actual amount certified and the assessed value of the property within the District at the time of the levy.
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